James Mayer:

Hello, James Mayer from the Huffman Mayer Paulo Wealth Management Group of Wells Fargo Advisors. We wanted to share a few thoughts about the world that may be impacting your portfolio. There are three things this month we'd like to discuss.

Vaccines for the coronavirus have begun to be distributed in the United States, and will be available first to frontline healthcare workers and those at the greatest risk from the disease. The CDC has said it expects widespread availability around June of 2021. Stocks have clearly taken notice to the vaccine news, with stocks around the world broadly higher since November 9th, when the effectiveness rate for the first vaccine became public. We have seen evidence that investors have begun to rotate out of the shutdown stocks that they have been buying since early this year, into companies that are more reliant on people leaving their houses, shopping, and behaving more normally. International stocks have been in catch-up mode recently as well, with European stocks up 19.7% and all non US stocks, as measured by the MSCI All Country World Index ex USA, up 15.1% since the 1st of November.

It is our belief we attribute at least some of the strong performance to the fact that most international markets lack the large tech sector we have in the United States. Their markets were hurt worse by the pandemic, but also stand to benefit more from COVID ending. We would like to talk to you. If you have questions about your plan, please call the office to schedule a time for us to talk. As always, stay safe, stay healthy, stay happy, and hopefully we will see you soon.