Curious about how elections influence market behavior? The U.S. Election Guide from #AmeripriseResearch explores historical market responses during election cycles, uncertainty and market volatility, and the role that the makeup of Congress plays.
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If your employer elects to temporarily defer payroll taxes, you will see higher take-home pay through the end of 2020 then lower in early 2021. Thinking of this as a short-term loan can help avoid cash flow concerns in the new year.
FASTCOMPANY.COM
What you need to know about the payroll tax deferral
“Its all about time IN the market, not TIMING the market”
CNBC.COM
S&P 500 and Nasdaq hit fresh record highs, Salesforce pops 25%
Despite the positive trends across asset classes, investors should continue to value diversification. Currently, U.S. stock gains are top-heavy, gold prices are rising, and the potential remains for a wave of defaults in high yield bonds. #AmeripriseResearch
Stimulus proposals, Q2 earnings, and other big news to watch this week:
CNBC.COM
Here comes one of the newsiest and most critical weeks of the summer for markets
Text I received from a client:
"Good morning, I had a dream that my accts were down $100,000. We had a meeting scheduled and you were crazy late. I was so mad at you that I made you take me to Outback for a nice dinner!!!LMAO!"
"Thought that might make you laugh!!! Hope you have a great day!"
I love my clients.
From my office, lets go Tampa Bay Rays!
NOT A POLITICAL POST* PURE DATA UPDATE ON ELECTION
As of now, its looking like Joe Biden will be the next President.
-He has been declared the winner in Wisconsin.
-99% of the vote is in for Michigan and he holds a 21k vote lead.
-86% of the vote in Nevada is and Biden holds an 8k vote lead (could definitely flip to Trump)
-86% of the vote in AZ in and Biden holds a 93k vote lead (Could flip to Trump, less likely than NV)
-PA, NC, and GA all still Trump, also still counting.
If he holds AZ, NV, and MI, Biden will have crossed the 270 electoral vote threshold. If he drops NV and does not win PA, GA, or NC, then Trump would win. We see the latter (Per Fox, AP, and CNN) as being less likely.
Edit: Also looking like GOP retains Senate for a 2/3rd split government favoring the Dems. Much more likely to see a Congress working together with a Senate that is not heavily favored one way but still a check on absolute Democratic control.
The markets responded positively yesterday and today, alluding to a clear winner in the election. We do expect recounts in some states which could bring volatility but expect a resolution to the outcome that does not include a month-long Supreme Court fight.
I always wanted to be bus patrol in elementary school. Never to late to chase your dreams! Merry Christmas everyone!
Who can relate?!
In all seriousness I know its been an incredibly challenging year for everyone. I really appreciate you all sticking by me during this crazy year. We’ve made it through the fastest downturn in market history, all to stay committed, and realize profits and growth in the back half of the year.
Im looking forward to planning for 2021 with you and beyond...
