“If you mix politics with your investment decisions, you’re making a big mistake.”
The coronavirus is still very much with us, as is much of the economic dislocation occasioned by the resulting lockdowns. Granted, we are evidently closing in rapidly on a vaccine—indeed, a number of vaccines. But it may be quite some time yet before most of us will get access to a vaccine, and frustration will likely increase. As well, in the coming weeks the US will go through a hyper-partisan presidential election, with a variety of voting issues we’ve seen few countries deal with before.
So before we’re further engulfed by these multiple unknowns, I want to take a moment to review what we as investors should have learned—or relearned—since the onset of the great market panic that began in February/March. And that ended when the S&P 500 Index regained its pre-crisis highs in mid-August.
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