We continue to favor stocks relative to bonds with upgraded expectations as economic strength continues to surprise.

We favor stocks over bonds based on expectations for a strong economic and earnings recovery in 2021.

Stocks fell for the second straight month in October as Election Day approached and brought policy uncertainty that historically has driven volatility.

A global review of September performance and a look forward, with a focus on potential impacts from the election and another stimulus package.

Stocks continued their positive momentum with strong gains in August before volatility returned in early September.