Thankfully, December has started - Macro View

This means that we are finally in the home stretch of 2020 - a tumultuous and turmoil-filled year. However, the year is certainly ending with significant optimism due to the positive news and updates that seemingly pour in daily on the Covid vaccine front. Both morale and investor sentiment for an economic rebound in 2021 has certainly spurred markets forward. Since November, the Dow, S&P, and Nasdaq have gained between 12-13%. The Dow witnessed its best month since January 1987, and the S&P and Nasdaq saw their best months since April.

However, the performance of the small-cap Russell 2000 has been most encouraging about the broader market’s rally. Since November, the Russell has risen over 19%, and outperformed the other major indices by nearly 6-7%.