Biweekly International Market Observations (1/21/21)

The fourth quarter of 2020 turned into one of the best in recent memory for stocks. However, the investing environment in the U.S. is showing similar signs of our previous two bubbles with massive liquidity provided by monetary and fiscal stimulus. What does this mean for the outlook for 2021 and the international markets? Andrew Manton, Portfolio Manager at Shelton Capital Management, examines what’s next for the global economy in his quick take below.

Investors should consider a fund’s investment objectives, risks, charges and expenses carefully before investing. The prospectus contains this and other information about a fund. To obtain a prospectus, visit www.sheltoncap.com or call (800) 955-9988. A prospectus should be read carefully before investing.

There may be additional risks associated with international investing involving foreign, economic, political, monetary, and/or legal factors. International investing may not be for everyone. The information contained in this document is given on a general basis without obligation and on the understanding that any person acting upon or in reliance on it, does so entirely at his or her own risk. Any projections or other forward-looking statements regarding future events or performance of countries, markets or companies are not necessarily indicative of, and may differ from, actual events or results. This information is intended to highlight issues and not to be comprehensive or to provide advice.

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Distributed by RFS Partners, a member of FINRA and affiliate of Shelton Capital Management. 2021

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