Assuming we continue to make progress against the Coronavirus pandemic I believe the market will continue to churn higher as the federal government moves to support the economy with monetary and physical stimulus. New Treasury Secretary and former Fed Chair Janet Yellen has spoken to the need to continue to invest in the economy and she along with current Fed Chair Jerome Powell believe going big on stimulus is necessary.
If the Biden administration is successful implementing pro job growth, large infrastructure projects (new roads, rural internet, etc) the economy should continue to grow and markets will reward investors with continued strong performance. If however, we see stalled congressional action like in the past, all bets are off!
As always, I will continue to monitor markets and make adjustments to your portfolios as conditions warrant. And I am happy to discuss our respective views in general and your account and investment needs specifically.