As we enter 2021, we do so with hope that the world will continue to make progress in dealing with the many challenges that 2020 presented. Like most people, we were happy to put 2020 behind us. We are, however, looking forward to 2021.
We think it is a good idea to look back over the past year and try to make sense of this extraordinary and difficult time. We thought it might be helpful to reflect on recent events and share our thoughts and principles for the new year. Of course, 2020 was a tumultuous time. The emergence and spread of COVID-19 led to suffering and loss. These human impacts are the most significant and we feel deeply for those who have been and continue to be affected. On top of the pandemic, the U.S. grappled with social unrest, as well as polarization due to contentious elections.
However, Markets began to stabilize, and then ultimately mounted a powerful recovery. The advance was not a smooth glide upward. Investors were nervous, anticipating that another shoe was going to drop. Many believed that shoe was the November elections. Dire predictions of market volatility if this or that candidate won were everywhere. Despite a contested election, the market just kept on advancing.
At the close of 2020, the S&P 500 not only recovered from the deep losses of the first quarter but surged to an 18.4% return. So, what does 2021 hold for investors? We acknowledge there are still a lot of unknowns in 2021. However, we hope to provide insight for the year ahead; please join us the week of January 26th to discuss the key economic indicators from a historically significant 2020 and analyze the factors that ultimately will influence how smart investments are made in 2021 and beyond. There are three different dates and times available. Please choose whichever fits best for you.
Eric Bailey is a registered representative of Lincoln Financial Advisors. Securities and advisory services offered through Lincoln Financial Advisors Corp., a broker/dealer (Member SIPC) and registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. Bailey Wealth Advisor is a marketing name for registered representatives of Lincoln Financial Advisors. Lincoln Financial Advisors Corp. and its representatives do not provide legal or tax advice. You may want to consult a legal or tax professional regarding any legal or tax information as it relates to your personal circumstances.