November stock markets swelled with the gradual settling of the election results and weekly news of new vaccines ready for FDA approval. All sectors of the markets rose except utilities. Energy stocks led the recovery and bonds continued positive. When stocks surge forward a diversified portfolio lags a little because bond returns hold it back.
Two possibilities keep the stocks moving forward now, the potential for a bipartisan stimulus package from Congress and the early development of safe and effective COVID vaccines. Both are crucial for a rapid economic recovery and a gradual return to more familiar lives.
Our holiday celebrations are subdued this year, challenged by an invisible enemy to find joy in simpler things. Under siege and in isolation, the awareness of our tight-knit connection to the rest of the world becomes vivid. A mutual need and dependence. Embracing this change carries us forward. Gifts beyond our understanding fill this moment.
