LGT's Profit Sense

Just 12 short months ago most of us were living in a world focused on the hope of a new decade; for some a “fresh start” with “2020 Vision”. Those were the days. Common headlines polarized international trade tensions, US presidential impeachment hearings and upcoming elections, wildfires ravaging Australia, and increasing gun violence issues.

In the investing markets world, the news from mid-Q4 2020 brings a rare positive light to the year characterized by levels of extreme volatility. During the end of October the markets were essentially solely focused on the US Presidential elections.

We are quickly approaching yet another market-moving event this year, but unlike the unprecedented coronavirus, the 2020 Presidential election has been on the calendar for years. The year began with an unforeseen worldwide pandemic that continues to wreak havoc on all aspects of life, and subsequently threw the investing markets into brief turmoil.

We made it to mid-September of a year uniquely defined in just about every facet of life. From a personal well-being standpoint, the COVID-19 pandemic has claimed the lives of over 193,000 individuals in the US in just over 200 days. With hope of a vaccine on the horizon, individuals are keeping a close eye on development and action plans for administration once approved by the Food and Drug Administration (FDA).