Watch the CPK Market Action Report: December 2020Markets ignored the nation’s growing number of Covid cases in November and soared higher on strong earnings and amazing vaccine trial results. Will the momentum be enough to carry us through year end?Watch the full 3-minute Market Action Report now: December 2020Stock prices powered higher in November thanks to a month-long succession of positive news events that energized investors.The Dow Industrials jumped 11.8 percent while the S&P Index rose 10.8 percent. The NASDAQ Composite picked up 11.8 percent.Despite uncertainty, stocks climbed throughout election week. The results suggested a divided Congress, which investors interpreted as a productive environment for businesses.Stocks added to gains during the month as reports showed positive stage-three clinical trial results for COVID-19 vaccines.While the election and vaccine dominated the news cycle, companies in the S&P 500 reported solid earnings in the third quarter. Some also provided a glimpse into 2021. After such a powerful rally, investors may be asking themselves, “what’s next for stock prices?”Traders expect to watch for the trajectory of new COVID-19 infections and how that might influence economic activity over the coming weeks and months.The markets will be watching the timeline for when a vaccine may be available and how quickly people can get vaccinated.The immunity milestone may give investors greater confidence and in economic forecasts for 2021 and beyond.For the month of December, I am looking to increase our model’s equity exposure to 65% with my primary focus on the broad sectors of Technology, Consumer Cyclical, Industrial, Consumer Services and Basic Materials.As a reminder, my current allocation is not a recommendation. Regardless of what happens next, investors like you need to have a simple and yet solid financial plan that reduces RISK, Costs and TAXES while securing the necessary income you need to maintain your lifestyle throughout retirement.If you don’t have a plan OR you’re not comfortable with the plan you have, call me today to get pointed in the right direction.I’m Chad Kunc and that puts a wrap on the December 2020 Market Action Report. Thanks for joining me. It’s time for me to get back to the markets.And that action starts, NOW!