USA - New Year's Resolutions And Vaccine Distributions

• From a financial perspective, the stock market, as measured by the S&P 500 index, finished the year at another mind-boggling, all-time record high (+16% for the year), making 2020 a tough act to follow.
• Exploring the factors behind the unprecedented collapse early in the year and the subsequent recovery in stock prices surrounding this perplexing virus.
• Unemployment rates remain at elevated recessionary levels, and industries such as travel, leisure, and restaurants are devastated. With the stock market at fresh new highs, a Democrat sweep in Georgia would likely be interpreted as a mandate for President-elect Biden to increase taxes for many people and businesses.
• Under this scenario, a temporary downdraft in the market should come as no surprise to any investor.

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