Food for thought:

The Russell 2000 Index of small cap stocks is currently on pace for its best month ever. As of Tuesday afternoon, it’s now up more than 20% for the month of November. I looked at every double-digit return month for the Russell 2000 going back to 1979 and then calculated the total returns for the ensuing 1, 3 and 5 year periods to see how they performed after those wonderful months:

what-happens-to-small-caps-after-a-huge-monthly-gain/

This is a little dated (prior to election) but makes the point.
https://www.politico.com/news/2020/10/27/wall-street-biden-blue-wave-432710

RE(real estate) is crazy right now but just like any other ones will get back to earth in 1 (maybe 2 years). Rates may go higher, RE prices already moved a lot, many people have saved more during 2020, the pandemic will be over and most things will get more normal. It will definitely not last 10 years.

this is remarkable even though we all know the story
https://www.nytimes.com/2020/11/24/sunday-review/boeing-737-max.html

@msf
>> "the market" (well, 90% of it) had an average TTM P/E of 34.2 at the end of October.
Wonder what it is at the close today. The much critiqued Shiller is above 33 again.
@LewisBraham
>> ... think of Apple as a high quality company with a lot of cash and a moderate to slow growth rate in 2020. It is arguably as MSF describes it—blend—a blue chip stock with its heady growth days in the past.
Maybe, but experts have been saying this for decades, peculiarly. If you compare Apple w/ say SP500, or w/ IVW, or indeed w/ QQQ, whether from two summers ago, from spring '17, from fall '16, from last Thanksgiving, or ytd, you see no such thing. It still looks like all rock 'n' roll all the time.

I made a tiny move the other day from RPSIX into PRIDX. ...I see today, 24 Nov, BRUFX is late to report share price. I have to believe it's to the up-side. Otherwise, I stick to my knitting. Sit back and enjoy the ride. The Fund Managers are driving. RPSIX is my laggard in 2020, but suddenly there have been two very good days. Biden transition, now. Yellen picked. Less crapola, more in the way of assurances that suddenly uncle Donald the Criminal will not pull some sort of nonsense. Yes?

It also seems an antiquated fallacy to say growth stocks are those with high valuations, being therefore the opposite of value ones. The opposite of a cheap stock is an expensive one, not necessarily a growth stock. A growth stock should have, well, growth that is better than its peers—higher revenue, cash flow and earnings growth. Apple doesn’t seem particularly successful on those fronts of late. It is also a hallmark of growth companies that they often don’t have a ton of cash sitting on their balance sheets because they are growing so rapidly they must reinvest in the business in new avenues and expansion to keep the growth coming. Once there’s a lot of cash sitting around the business is often mature with limited avenues for rapid growth. I think of Apple as a high quality company with a lot of cash and a moderate to slow growth rate in 2020. It is arguably as MSF describes it—blend—a blue chip stock with its heady growth days in the past.

Why Housing Could be the Best Asset Class for the Next Decade:

There is a real possibility real estate could be one of the dominant assets of the 2020s. Here are some reasons why:
Millennials. Young people are settling down later in life because they are going to school for longer, had to deal with a housing bust, and graduated in and around the Great Financial Crisis. But millennials were going to begin doing adult things eventually.
That means buying houses, even if it comes later in life than it did for their parents. Millennials are now the biggest demographic in the country and will dominate the most common ages in the country for years to come:

why-housing-could-be-one-of-the-best-performing-asset-classes-of-the-2020s

According to Jon Krinsky at Baycrest, 83% of the Russell 3k names got back above their 200-day moving averages last week, a record going back seven years to 2013. It wasn’t bearish then and it’s not likely to be bearish now.

small-caps-break-out-of-two-year-consolidation

I'm thinking urban dwellers have moved to the suburbs:

new-home-sales-up-a-cartoonish-48-year-over-year-lol

It’s time to shift our attention to the next generation, Gen Z. These are the 2.5 billion people born between 1996 and 2016.
Gen Z is the single largest age cohort, representing 32% of the global population (2.5 Billion), Nine in 10 of these young people live in emerging markets……half a billion of them are in India, more than the combined population of Gen Zers in China and the United States.

move-over-millennials

Demographics have big implications for everyone. It shapes societies. It transforms political systems. It makes economies run.
Check out the whole report if you want to learn more about where we’re going.

Thematic Investing - OK Zoomer: Gen Z Primer

NYT article:
janet-yellen-treasury-secretary

I would use VT in taxable account so not having to pay large capital gain. Sometime having a market return is good enough. YTD return of VT is about 10.2%.
One can have both in their tax deferred accounts if they wish.

Janet Yellen's will instill confident in investors. The market reacted quite favorably when she was announced as the Treasury Secretary, particularly finance and energy sectors.

Why it matters: The Treasury secretary wields enormous power in policy on regulations, taxes and the broad economy. Their actions can either reassure and spook financial markets. (Remember Mnuchin's infamous call with the big banks?)
"Investors shouldn’t worry that [Yellen] will make off-the-cuff remarks that will spur volatility. She’s the ultimate steady hand," Ian Katz, a financial policy analyst at Capital Alpha Partners, said in a note.
"While she isn’t the kind of hands-off free-marketeer that investors would prefer if they had the choice, she isn’t going to make markets nervous."

https://axios.com/janet-yellen-treasury-secretary-9296b6ad-fead-4362-bb23-f0343965a9b8.html
More importantly, she will work with Powell to get the next stimulus bill moving again.

Here’s a version that goes deep - very deep:
https://www.callan.com/wp-content/uploads/2020/02/Periodic-Table-Collection.pdf

An administration with sense.
Yellen at NPR.org

A recent AAII article showed that beginning with equal investments in the S&P 500 sectors and rebalancing yearly from the best performing sectors to the lesser performing ones increased one's returns substantially over time. However that must be taken with the willingness to go through all the watching and rebalancing efforts required. Your choice.

I added your comment into this thread:
Asset Performance...

Assets Performance Year over Year...anyone have next years results so I can invest in them early?

...2020 looks like it could go down in history as the worst intra-year drawdown that finished the year with a positive return. And the fact that those gains are now in double-digit territory is not something many (any?) people saw coming. The S&P is now up well over 60% since bottoming in late-March.

Interesting food for thought:

Sitting on your hands and not panicking, even when stocks are down big, remains one of the best investment strategies on the planet.

the-biggest-stock-market-reversal-in-history

This discussion did get me thinking about which type of debt is a bigger problem for the economy. Here are the outstanding debt levels for both student loans and credit card debt:

bigger-problem-student-loans-or-credit-card-debt