We’ve seen a lot of market history unfolding in real time—including past periods when investors were bracing for seemingly imminent inflation. Not unlike today! Is inflation about to run rampant, or will history repeat itself and ultimately deliver another non-event?

While 2020 was unprecedented in so many ways, there was one constant: The same, simple (if never easy!) investment approach we’ve long embraced remained as essential as ever.

2020 has been a year of extremes, including in the markets. To bridge a growing gap between crouching value stocks and soaring growth stocks, disciplined asset allocation remains as important as ever. Here’s why.