“Back to School” represents a return to order: the proverbial putting of the ducks back in a row, after summer break each year. In 2020 fashion, the ducks are more like squirrels, yet some welcome (new) normalcy is beginning to break through. Kids are back in school, football games are being played, businesses are slowly adapting, and pumpkin spice abounds. Of course, plenty of challenges remain… The pandemic is still a significant concern to health and safety—not to mention economies—around the globe. The pending U.S. elections are creating uncertainty across all levels of government. And, the striking division across our nation and communities is restricting productive collaboration and problem solving, even among innocuous topics such as the culinary application of the aforementioned pumpkin spice.
As 2020 mercifully proceeds to its final quarter, financial markets reflect a consistent truth; reasons exist for both optimism and concern in the near-term, so while their cause may be novel, their mutual existence is decidedly not. Notable highlights include the following:
When the world feels like its spinning a little out of control, anchor yourself in the reality of actions and decisions that you can control. Financially speaking, maintaining your commitment to your family’s comprehensive plan is the best opportunity to achieve your goals and maintain peace of mind. So, remain focused regardless of the news headlines, or reach out to us if any of your personal headlines have changed! Supporting you through your journey is one of our great joys!
Sources: Atlanta Fed GDPnow https://www.frbatlanta.org/cqer/research/gdpnow?panel=2, irs.gov, finance.yahoo.com, MSCI.com, morninstar.com, Zack’s Investment Management September 21 2020 ‘Volatility is Back, and So Is the Temptation to Time the Market.
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