Last week certainly felt like a rollercoaster as news outlets waited until Saturday morning to declare Joe Biden as the president-elect, a full four days after Election Day in the US. Although party control of the Senate will likely be decided in January, with two run-off elections in Georgia, the last week provided a powerful reminder of the importance of staying disciplined.
In a year marked by uncertainty, it only makes sense that 2020 ends with a US presidential election.
Given the recent outperformance for U.S. stocks vs. International stocks over the last decade, RWM’s Portfolio Management Committee (PMC) recently met to discuss the appropriate allocation to U.S. and International stocks.1
Does economic performance always correlate with stock market performance?
In this post, we share five important lessons learned during the first half of 2020 and provide our outlook for the second half of 2020.