December 18, 2020—It has become cliché to point out that the year 2020 defied all expectations, including those of most investors. So, it is with humility that we revise our financial market expectations and portfolio asset allocations heading into 2021. There has been a divide between the economic trajectory—which has been languishing—and a stock market that continues to make new highs.
December 15, 2020—Technology companies were the undisputed darlings of the equity market in 2020, benefiting from a structural acceleration of technological adoption that resulted in strong organic growth in a weak economic environment.
November 23, 2020—In a year marked by a global pandemic, a world recession, and a U.S. presidential election, it is somewhat understandable that bitcoin’s[i] steady ascent in recent months might not have been at the front and center of market attention until just recently.