With COVID-19 vaccines arriving, and the election (almost) behind us, what’s in store for the markets?
- For next year, the fundamentals continue to suggest a bullish outlook. Our year-end 2021 call for the S&P 500 is 4,200 (up about 15% from last Friday), and we expect the Dow Jones Industrial Average to rise to 35,000. Read more… – Brian Wesbury, Chief Economist, First Trust
- We feel positive about the market outlook over the next 12 months, but think volatility will remain high for the time being and wouldn’t be surprised to see a pullback in the near-term. Read more… – Bob Doll, Chief Equity Strategist, Nuveen
- Interest rates and government bond yields that were low before the pandemic are now even lower. Our expectations are for short-term policy rates targeted by the U.S. Federal Reserve, the European Central Bank, and other developed market policymakers to remain at historically low levels into 2022 before eventually beginning to normalize to pre-COVID levels. Read more… – Joseph Davis, Ph.D, Global Chief Economist, Vanguard
As always, we continue to believe that one’s circumstances and risk profile should determine the appropriate mix of investments, and not media headlines. Please contact us if you ever have any questions or concerns about your accounts or any news you hear.
Past performance may not be indicative of future results. Therefore, no current or prospective client should assume that the future performance of any specific investment, asset class, or investment strategy (including the investments and/or investment strategies recommended by the adviser), will be profitable or equal to past performance levels. Information in this commentary is gleaned from third party sources, and while believed to be reliable, is not independently verified.