• 8 Books for Your Holiday Reading List  

    The holiday season is upon us, and with that, many of us are ready for a break. Since most of us will be spending the holidays at home this year, it’s a good time to catch up on some reading. So, we asked our 361 team for some book recommendations to add to your shopping cart.

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    The ‘K-shaped’ recovery will definitely impact retailers this gift-giving season. Those households with stable employment this year could see very good holiday spending as they draw down their cash accounts which have grown to record sizes because consumers haven’t been able to spend on travel, dining or entertainment in 2020.

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    Traditional expectations of the 60/40 portfolio may be due for a rethink.

    Based on today’s yield levels, bonds simply can’t contribute to a portfolio the way they have historically. For advisors, this could mean shifting assets away from fixed income and into alternatives if they want to preserve the risk/return profile that the 60/40 portfolio has historically delivered.

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    They say that a fair deal is negotiated when each party walks away a bit disappointed. I think that it’s fair to say that most American voters are a little upset at the current election results because they didn’t get everything they wanted. But given the split decision, we could also say that we did get something that we voted for. While many of us in the investing world had looked at the polling data and prepared ourselves for a blue wave takeover in Washington, D.C., the end result could end up being a better outcome for investors.

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    With uncertainty in the air, the potential for subdued-to-negative economic growth looming, and a bleak outlook for fixed income, advisors are challenged to rethink foundational portfolio elements of investor portfolios—which means seeking out strategies that bolster the core going forward.