Jan 2021
Welcome to 2021
Happy New Year.
With every New Year comes new challenges. Who would have predicted last April that the markets would recover in such a short period of time? Who could have predicted that our economy would be shut down for months? Who could have predicted that the government would spend trillions of dollars we don’t have?
2020 was a difficult year for most. It continues to be for many. Families have been separated. Businesses have been shut down never to return. Unemployment continues in many parts of the economy. The Covid virus is still a threat.
But there seems to be light at the end of the tunnel.
With the rollout of multiple vaccines and more on the way, it appears that life will slowly move back to normal.
As 2021 moves forward we believe there are major forces and minor forces that will impact the economy.
Major forces include:
- Rate of vaccine distribution
- Impact of Government economic support via stimulus.
- How will the return to normal
Minor factors include:
- Federal Reserve actions
- New Government Regulations and tax policy
- U.S. China relations
Many of our managers will be publishing their predictions for 2021 along with any changes to their investment strategy. As these are published I will be sending them out you.
But beyond the day to day monitoring of our portfolios and stock picking there is more to do. I will be discussing additional changes we will be making to our approach in my next blog.
We will continue using Zoom for review meetings until the Governor of Pennsylvania allows for in office meetings.
Be well and stay safe.
My best,
Mark
