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Markets and Economy Report (Year In Review)

Markets and Economy Report (Year In Review)

Answering the question “what happened to the markets in 2020?” is a lot like answering the question “what is time?” There’s just so much to unpack that it can be difficult to know where to begin. As with time – or wind – you intuitively feel the answer more than you can plainly describe it. Yet, there are underlying themes that tie together much of what occurred in financial markets in 2020, so we’ll attempt to cover some of those key topics while briefly looking ahead at what’s in store for 2021.

Markets and Economy Report (Election Update)

Markets and Economy Report (Election Update)

When it comes to financial markets, equities responded favorably during a month in which we saw a precipitous rise in daily confirmed new COVID-19 cases, as seen in Chart A. This just goes to show that, if this pandemic has taught us anything about financial markets, it’s to expect the unexpected.

Destiny Capital Founder Steve Musick Announces Retirement for September 2021 After 40 Years of Dedicated Service

Destiny Capital Founder Steve Musick Announces Retirement for September 2021 After 40 Years of Dedicated Service

It is with mixed emotions that we share this announcement today. After 40 years of dedicated service to his clients and team, Destiny Capital founder Steve Musick is setting his sights on a well-deserved retirement in September 2021. This is a time of celebration of an incredible career and also an important transition that Destiny Capital has been preparing for. We will miss Steve immensely and we are honored and ready to carry the torch!

Election Update

Election Update

Our job isn’t to declare winners and losers – it is to study the most likely outcome given new, relevant data and to understand how financial markets may react. At this stage, it appears as though financial markets are betting-on an outcome of divided-government, meaning that Joe Biden will remain the President-Elect, Republicans will keep the majority in the Senate, and the Democrats will maintain the House after losing a number of seats.

Markets and Economy Report (October 2020)

Markets and Economy Report (October 2020)

The beginning of November is a time that I have been focused-on with anticipation and excitement on a professional level.  On November 3rd, Americans will cast their ballots – if they haven’t already – in an election that will set the course of our country over the next four years and beyond.  This is also the time of year that Destiny Capital’s Investment Committee accumulates and studies data from many of the finest financial research institutions in the world as we conduct our annual Capital Market Assumption review process.

Markets and Economy Report (September 2020)

Markets and Economy Report (September 2020)

The beauty of investing is that we can prepare even for the surprises and storms we do not know to watch for. We prepare by remaining disciplined and consistent in our investing approach. By ensuring that portfolios stay diversified so that no single storm can sink all ships.