2020 4th Quarter Client Update
Much happened in 2020: we opened with the longest bull market & economic expansion in America's history, only to see a pandemic shutdown the economy
Much happened in 2020: we opened with the longest bull market & economic expansion in America's history, only to see a pandemic shutdown the economy
Equities ended the week, and the year, at new record highs, and Small Caps broke their eight week winning streak.
Stocks were mixed in the holiday-shortened week, with Small Caps up for the eighth straight week.
• All four major US stock market indices made record highs on Thursday, and advanced for the week. • Optimism for a coronavirus relief bill fueled markets, but no deal was made by weeks end.
We've assembled a blog of some of the most common retirement questions, particularly by those defined as "pre-retiree" and nearing retirement.
• The S&P 500 set its 30th record high of 2020 on Tuesday, but was down every other day of the week. • The Russell 2000 small cap index extended its weekly winning streak to 6 weeks.