Weekly Market Snapshot – January 4th, 2021
Created by: Sam Tenney
- Sunday, December 27th, the White House signed the bill to release $900 billion in stimulus spending and raise the government debt ceiling. The bill includes $600 direct payments to US citizens, as well as many government spending items for the next year.¹
- As of January 1st, 2021, the United Kingdom “Brexit” departure from the European Union is official. Tax deals have been reached between the EU and the UK allowing the country to continue no taxes on imports and exports despite leaving the union.²
- Calendar year 2020 returns for the US Market ended largely positive, with small cap equities ending the highest at a 20% gain, and real estate the lowest with a -5.0% loss. Nationwide lockdowns hurt the market at the beginning of the year, but massive monetary and fiscal stimulus, along with the reopening of the economy, has likely contributed to the markets positive outlook. ³
Please note by using any of the links provided for your convenience, you will be leaving Fidelis Wealth Advisors website. The hyperlinks are to websites and servers maintained by third parties. We do not control, evaluate, endorse, or guarantee content found in those sites. Your use of such sites is at your own risk.
This blog is general communication being provided for informational purposes only. This information is in no way a solicitation or offer to sell securities or investment advisory services. It is educational in nature and not to be taken as advice or a recommendation for any specific investment product or investment strategy. This does not contain sufficient information to support an investment decision. Any investment or investment strategy mentioned may not be suitable for all investors or in their best interest. Statistical information, quotes, charts, references to articles or any other quoted statement or statements regarding market or other financial information is obtained from sources which we believe reliable, but we do not warrant or guarantee the timeliness or accuracy of this information. All rights are reserved. No part of this blog including text, graphics, et al, may be reproduced or copied in any format, electronic, print, et al, without written consent from Fidelis Wealth Advisors, LLC. Fidelis Wealth Advisors does not provide legal or tax advice. Please be advised to consult with your investment advisor, attorney or tax professional before making any investment decisions.