What a week! The U.K. finally signed a Brexit deal with the EU, distribution of the Covid vaccine continues to gain momentum and at the last minute, the president signed the stimulus bill negotiated by the GOP. Since February of this year, stimulus spending has hit the $3.5 trillion mark.
U.S. equity markets were mostly flat as retail sales posted a 2.4% gain for the critical November through December 22 period. We continue to monitor the progress of the Santa Claus Rally I wrote about in last week’s market commentary. I’ll report next week on how it turned out for 2020. I’ll also be focusing on what we can expect in 2021. While no one has a crystal ball (this year proved that) there are things we pay attention to in helping guide our clients toward their financial goals. Let’s just hope 2021 is a little more boring and uneventful.
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A note to our clients: We have noticed an improvement in international equities over the last couple of months. As such, we have added developed and emerging market exposure to many of our client’s portfolios.
If you have any questions, please contact me.
Wishing you and your family a Happy Holiday Season.
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The Markets and Economy
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The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general. The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. The NASDAQ Composite Index is an unmanaged, market-weighted index of all over-the-counter common stocks traded on the National Association of Securities Dealers Automated Quotation System.
Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.
Consult your financial professional before making any investment decision. You cannot invest directly in an index. Past performance does not guarantee future results.
Note: All figures exclude reinvested dividends (if any). Sources: Bloomberg, Dorsey Wright & Associates, Inc. and The Wall Street Journal. Past performance is no guarantee of future results. Indices are unmanaged and cannot be invested into directly.
Securities offered through Triad Advisors, member FINRA/SIPC. Investment advice offered through Resources Investment Advisors, LLC, an SEC-registered investment adviser. Resources Investment Advisors. LLC and Vertical Financial Group are not affiliated with Triad Advisors.
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