“Change, nothing stays the same, Unchained, and ya hit the ground running…” – Van Halen
Over the years we have all likely caught ourselves saying that we are living in unprecedented times. The truth is, previous generations have experienced plenty of elections, wars, pandemics, recessions, and depressions which is perhaps proof that though history holds plenty of change, it at least rhymes. Our predecessors likely had the same thoughts and fears about the market that we currently do, but the markets have always found a bottom and didn’t stay down. At the time of this writing, we are not dealing with a market bottom. The market is on a tear since bottoming in March which was partly due to a very easy Fed, including a substantial amount of stimulus ($86 per day/per U.S. household) versus the daily $4 during the 2008 financial crisis according to Blackrock’s Rick Rieder. Though some of these programs have since fallen off, the number is still a multiple from what it once was.
Major themes impacting investors include:
- The 2020 U.S. Presidential and Congress Elections
- COVID-19 Pandemic
- Recession
- Fed Policy
