A global pandemic, a severe and abrupt recession, and civil unrest made 2020 a truly tumultuous and unprecedented year. But perhaps the real story of 2020 is one of resilience – the resilience of people, institutions, and the financial markets. For the year, U.S. stocks generated a positive return of more than 20%. Non-U.S. stocks…Details
IN YOUR CORNER
"The terms “stock market” and “economy” are often used interchangeably, but they are not one in the same. Perhaps this has never been more evident than over the past several months. The state of the economy, according to most measures, is bleak, with economic activity contracting, an unemployment rate of more than 10%, and an expected decline in corporate earnings of 45% as compared to a year ago. Yet, the S&P 500 recorded its best quarter in more than two decades. How do we make sense of this? "
- Jackie Goldstick and Todd Schanel
IN YOUR CORNER
"Successful investors are optimistic about the future but are always prepared for short-term setbacks. That mindset is especially valuable in today’s environment, and we hope it provides some peace of mind that we plan for market downturns before they happen. We remain committed to our investment philosophy and are confident that our approach, coupled with flexibility, ongoing risk management, and diligence will provide the highest likelihood of keeping you on track to reach your long-term goals. "