2021 Market Update

After a very frustrating 2020, things are looking better as we begin 2021. Stocks are all moving higher as the market looks forward to a vaccine lead reopening, additional government stimulus and a Federal Reserve intent on keeping interest rates near zero. The hardest hit sectors last year are some of the best performing so far this year – energy and financials.

As you can see from the ‘Morningstar’ chart below, the market is currently factoring in a lot of this good news. Over the last 10-plus years it has rarely been as expensive as it is today. With stocks, bonds and nearly every other asset class being priced for near perfection, this is not the time to be careless.

© Copyright 2021 Morningstar, Inc

 So far now, we will hold most of what we own, add to a few select stocks and funds on declines and look to improve the performance going forward.

As always, I am thankful for your confidence and look forward to answering any questions or concerns you have.

David Burgess
817-334-0706

The information contained herein does not suggest or imply and should not be construed, in any manner, a guarantee of future performance and/or investment advice. Past performance does not guarantee future results. Therefore, no current or prospective client should assume that the future performance of any specific investment, investment strategy (including the investments and/or investment strategies recommended and/or purchased by Burgess Investments), or product made reference to directly or indirectly on this newsletter or company website, or indirectly via link to any unaffiliated third-party website, will be profitable or equal to corresponding indicated performance levels. Returns are historical and based on data believed to be accurate and reliable. We believe the above information is reliable and true but cannot guarantee its accuracy.
David Burgess
sherri@bigideacreations.com