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Newsletter Summary
- “How much can I make in this investment?” and “How much can I lose in this investment?” are perspectives that always need to be weighed relative to one another.
- Large divergences in the performance of U.S. large-cap v. small-cap stocks, growth v. value stocks and U.S. v emerging markets stocks have gapped even wider this year.
- The path of the economy is highly dependent on the pandemic, fiscal stimulus, unemployment and the election. All of which have a wide range of potential outcomes.