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December 17, 2020 at 01:41 PM
This month’s cover story — which includes several event timelines —highlights many of the biggest headlines of the past 12 months. It’s not a “easy read” by any means, but it is a valuable and moving one.
Looking back to earlier this year, I recall being glued to Twitter 24/7, as advisors and industry executives shared the latest news and views on changes to office policies, tax rules and everything else imaginable during the first few months of the pandemic.
I became stuck to Twitter again on Nov. 3 and continue to follow any and all election and presidential transition updates.
As Melanie Waddell explains in this month’s Washington Watch: “President-elect Joe Biden and Vice President-elect Kamala Harris wasted little time in early November assembling the transition team,” which includes Gary Gensler, former head of the Commodity Futures Trading Commission, and Dennis Kelleher, president and CEO of Better Markets. Both Gensler and Kelleher are “staunch fiduciary advocates.”
Biden’s election win and the Republicans’ control of the Senate are “the best thing possible — an early Christmas for the stock market,” says Wharton’s Jeremy Siegel in our VIP Q&A. “It’s an excellent combination to block the tax increases. If the Democrats do get those two Senate seats in Georgia, [any tax increases] will be muted, because conservative Democrats won’t go for some of the more extreme measures.”
