Flatlining To The Election: With less than two weeks until the US election, it’s becoming harder to focus on anything else. Maybe that explains why multi-asset-class strategies continue to meander in a relatively tight range. Even without a high-stakes election approaching it would be reasonable for markets to take a breather after the strong bull run since the coronavirus bottom in late-March. Every slice of the major asset classes have bounced sharply since the dark days of early spring, but the upside momentum has conspicuously slowed or reversed in recent weeks and it’s a reasonable guess that investors are inclined to take a wait-and-see approach to money management until it’s clear if the living quarters of the White House will be redecorated in the new year.
The ETF Portfolio Strategist: 21 Oct 2020
The ETF Portfolio Strategist: 21 Oct 2020
The ETF Portfolio Strategist: 21 Oct 2020
Flatlining To The Election: With less than two weeks until the US election, it’s becoming harder to focus on anything else. Maybe that explains why multi-asset-class strategies continue to meander in a relatively tight range. Even without a high-stakes election approaching it would be reasonable for markets to take a breather after the strong bull run since the coronavirus bottom in late-March. Every slice of the major asset classes have bounced sharply since the dark days of early spring, but the upside momentum has conspicuously slowed or reversed in recent weeks and it’s a reasonable guess that investors are inclined to take a wait-and-see approach to money management until it’s clear if the living quarters of the White House will be redecorated in the new year.