In the feature article of this issue, BBH Chief Investment Strategist Scott Clemons reflects on the economy and markets since the onset of COVID-19 and looks ahead at what is to come as the light at the end of the tunnel grows brighter.
Turning to the other pages of this issue, Deputy Chief Investment Officer Justin Reed and Head of Investment Research Tom Martin discuss market timing, including its allure and pitfalls, stressing our belief that the adoption of a value-oriented, bottom-up investment approach, along with a long-term investment horizon and a prudent rebalancing plan, is a far more compelling investment strategy than market timing. As always, we also review the markets and provide an update on our current portfolio positioning and priorities.
In addition, Wealth Planning Associate Sara Turner covers considerations for those looking to help family members buy a home. Finally, we round out this issue with a wealth planning article covering a topic on many readers' minds: the Biden administration’s tax plan.