December 2020

by Dan Zalipski, CFA 

There is not much you can say about 2020 that has not already been said.  I am sure we are all eager to see the calendar roll over and let 2020 take its place in the history books.  The markets are sitting at all-time highs while the underlying economy continues to recover from the effects of the pandemic.  Concerns remain as the recovery is expected to slow during the winter months.  The Fed continues to stress the need for Congress to pass the additional economic stimulus.  Negotiations for one last-ditch effort to get a stimulus passed before year-end have produced a tentative agreement that could see direct cash payments sent to citizens before the new year.