What equity markets like the least is uncertainty. Now that the 2020 national election is over equity markets have some certainty going forward. Just in case you’ve boycotting all news, the Senate, the House of Representatives, and the Presidency are all now controlled by the democratic party, although the margins in the House and Senate are razor thin.

I have been on several phone calls with portfolio managers and viewed lots of talking heads on the various business channels, national publications, and journals. Most seem to agree that by spring, the COVID-19 virus should be somewhat under control with the possibility of opening up the economy and returning to some normalcy. Remember, equity markets are forward-looking and act accordingly. Hence, the yearend run-up in all three major indexes. I think the attached article is a good read so I hope you take the time to read what one author thinks might be coming down the pike.

I have also included a PDF file, Key Financial Data 2021. This is the finalized numbers that will be used for this year. Unless, of course, we have a retroactive tax law change. (Please refer to paragraph 1 if you think that might not happen. I did live through one and it really damaged lots of investors.)

As we move forward this year, while we might not be able to have face-to-face reviews, I am learning a new capability and it’s called Zoom. Stay tuned. My plan is to offer not only reviews but educational webinars about topics that affect all of us. In the meantime, should you have any questions or wish to speak with me, please call or email so we can put something on the calendar.

Doug Alden

Link to article one…

Link to article two…

Office 828.668.0665
Cell 828.713.4602


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.

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