27 May 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.
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.