Chief Investment Officer | Johnson Financial Group
As Chief Investment Officer, Brian Andrew leads Johnson Financial Group's investment strategy to provide consistent, actionable investment solutions for our clients.
Markets and Economy
2 minute read time
The U.S. economy has continued to recover from the depths reached during the COVID-19 shutdowns. The “easy” gains may have been made as we’ve transitioned from shutdowns and stay-at-home orders to resuming many normal activities. However, a complete recovery is unlikely until the pandemic is fully contained. Encouraging news on vaccine progress and treatment options provides hope that 2021 will be a better year.
Asset prices continued to recover during the third quarter of 2020 despite the near-term uncertainty surrounding the election, the timing of a potential phase four stimulus deal, and the recent uptick in COVID-19 cases. Year-to-date returns remain mixed with growth stocks continuing to dominate performance.
The recovery remains fragile and the delay in enacting a phase-four stimulus package adds some risk that additional businesses may falter. Given the uncertain environment, we have positioned portfolios with a moderately conservative posture as we look for attractive entry points to build positions in long-term investment opportunities.
Download a copy of the full report.
Listen in as Ron Alberts and Jason Herried take you through a quick outlook for the fourth quarter of 2020.
This information is for educational and illustrative purposes only and should not be used or construed as financial advice, an offer to sell, a solicitation, an offer to buy or a recommendation for any security. Opinions expressed herein are as of the date of this report and do not necessarily represent the views of Johnson Financial Group and/or its affiliates. Johnson Financial Group and/or its affiliates may issue reports or have opinions that are inconsistent with this report. Johnson Financial Group and/or its affiliates do not warrant the accuracy or completeness of information contained herein. Such information is subject to change without notice and is not intended to influence your investment decisions. Johnson Financial Group and/or its affiliates do not provide legal or tax advice to clients. You should review your particular circumstances with your independent legal and tax advisors. Whether any planned tax result is realized by you depends on the specific facts of your own situation at the time your taxes are prepared. Past performance is no guarantee of future results. All performance data, while deemed obtained from reliable sources, are not guaranteed for accuracy. Not for use as a primary basis of investment decisions. Not to be construed to meet the needs of any particular investor. Asset allocation and diversification do not assure or guarantee better performance and cannot eliminate the risk of investment losses. Certain investments, like real estate, equity investments and fixed income securities, carry a certain degree of risk and may not be suitable for all investors. An investor could lose all or a substantial amount of his or her investment. Johnson Financial Group is the parent company of Johnson Bank and Johnson Wealth Inc. NOT FDIC INSURED * NO BANK GUARANTEE * MAY LOSE VALUE