It’s almost like waiting for the big Y2K event. There is a tremendous amount of anticipation with regard to the election Tuesday. It’s like this huge pent-up “thing” that seems ready to explode. Will it be a non-event like Y2K was or will it lead to an explosion and the potential for a contested election along with tons of lawsuits and more civil disorder?
While being dwarfed by the election, there will be other news including economic news that might give us an indication on how this year may end. (Thankfully). In the meantime, we will be dealing with the “NOW” as we always do. It’s day-to-day on how we work and plan our lives.
Here are a couple of things to keep in mind. The current yield on the 30-year U.S. Treasury bond is around 1.6%. After taxes and inflation, investors are losing money. With the S&P 500 around 3270 and a dividend yield of about $60, then the index is currently yielding around 1.85%. Plus, with a support cast of 500 of the best run, best financed, most profitable companies in the world, the current yield is higher than a 30-year treasury bond.
I have no idea what’s going to happen this week and the following few weeks. But I do know that the American spirit is tough to keep down. We will get to a new normal and continue to grow and add value to the lives of those of us that live here. Please remember,
OPTIMISM is the only REALISM
As always, should you have any questions or wish to speak with me, please email or call. Now let’s all go out and have a super week.
PS: This is not an offer to buy or sell securities. No investment process is free of risk, and there is no guarantee that the investment process or the investment opportunities referenced herein will be profitable. Past performance is not indicative of current or future performance and is not a guarantee. The investment opportunities referenced herein may not be suitable for all investors.