No doubt, 2020 left a lasting impression on many investors. With the effects of COVID-19, a contentious election season, and multiple stimulus bills, investors are sure to question if the coming year will lead to more of the same. In this episode of 𝙔𝙤𝙪𝙧 𝙈𝙤𝙣𝙚𝙮 𝙈𝙤𝙢𝙚𝙣𝙩𝙪𝙢, Certified Financial Planner™ Professional Tom Kennedy hosts Brad McMillan, the chief investment officer and managing principal at Commonwealth Financial Network®.
This week’s topics include a 2020 report card on what worked and what did not. They deliver an outlook for 2021 including frank discussion on equities, fixed income, alternatives, the biggest threats, and general positioning for the year to come. They also tackle the new political environment and put a fine point on any fact and fiction surrounding the new administration.
Guest Bio: Brad McMillan
Brad McMillan, CFA®, CAIA, MAI is the chief investment officer and managing principal at Commonwealth Financial Network®. He serves as the primary spokesperson for Commonwealth’s investment divisions and appears frequently on a range of media sites like the Wall Street Journal, CNBC, CNN International, Barron’s, and Bloomberg News. As if that is not enough to keep him busy, he writes a daily blog, The Independent Market Observer, and has authored Crash-Testing Investing, a tome for investors looking to protect their portfolio from potential crashes.
Brad holds a BA degree from Dartmouth College, a MS in real estate development from MIT, and a MS in finance from Boston College. He also holds the CFA®, CAIA, and MAI professional certifications. To follow along with Brad and his market musings and videos check out The Independent Market Observer.
Find it Fast
04:00 2020 Recap
06:02 Stimulus Effects
07:35 Political Perspective
08:18 Market Response
09:40 Normalization of Market
11:12 Emerging Markets
12:25 Healthcare
12:48 Commercial Real Estate
15:10 Interest Rates
17:16 Equity Markets
18:33 Fixed Income
21:19 Bond Market Expectations
22:50 Potential Market Disruptions
23:58 Further COVID-19 Effects
24:45 Positioning Thoughts for 2021
26:00 Reddit Effect
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