It was announced this weekend that Joe Biden will be our next President. As with any new administration, there will inevitably be changes to taxes and regulations, but history has shown that changes to partisan control of the presidency and the Congress have little impact on the annual returns of the stock market. While we expect volatility in the short-term, we do not change our long-term investment approach based on election results. Looking ahead, we remain focused on balancing high quality securities, maintaining bond and cash positions, and evaluating new opportunities.
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Information regarding investments is for information purposes only. The views expressed are subject to change based on market or other conditions without notice. The information should not be construed as investment advice or a recommendation to buy or sell any security or investment product. It does not take into account an investor’s particular objectives, risk tolerance, tax status, investment horizon, or other potential limitations. All material has been obtained from sources believed to be reliable, but the accuracy cannot be guaranteed. Past performance is not a guide to or guarantee of future performance. An HTC portfolio could suffer losses as well as achieve gains. Where reference is made to returns of specific indexes, returns of the indexes also do not typically reflect the deduction of investment management fees, trading costs or other expenses. It is not possible to invest directly in an index. Indexes are the property of their respective owners, all rights reserved.
