• Stimulus may slim down: Lawmakers have gone in circles proposing various versions of a bill that may (or may not) include another round of direct payments to Americans, loans for small businesses, aid for ailing industries, and support for particularly hard-hit cities and states. Without a unified government, both parties will need to find middle ground, possibly resulting in a package with a smaller price tag.
Amid political change, keep clients focused on the long term
Investors continue to contend with an unprecedented number of unknowns. While it may be tempting for clients to be reactionary and adjust portfolio allocations, it’s important to remind them to tune out as much noise as possible. Decisions affecting their portfolios should be kept in line with personal timelines, goals, and risk tolerance.
Mike Loewengart is managing director of investment strategy at E*TRADE Financial LLC.