We have enough vaccines but now there are shortages of nearly everything from raw materials, intermediate goods, including semiconductors, and labor as well. What we do not want is a slowing of output, earnings and job growth with higher prices. This country has not seen commodity prices this high since the Carter administration.
The current economic environment has caused most everyone to reconsider their personal finances with many people having to drastically change their spending and savings habits. Out of this economic malaise may come an opportunity to finally instill the right habits in your teens that can carry them into adulthood on the right financial footing.
A sharp recovery appears to be getting started with an estimated predicted US GDP growth at 7.5% in 2021, the fastest pace since 1983. With the Washington stimulus and the reopening of the economy giving an unprecedented effect, the rebound seems to be coming at an uneven pace, with 8 million fewer jobs. As the pandemic draws to an expected close, a more inclusive
U.S. stocks have continued to climb amid optimism about a vaccine-led economic recovery, but it is a narrow path—buoyant investor sentiment could easily be deflated by bad news. Although global economic growth has struggled, an acceleration in vaccinations in major countries could support stronger growth in the second quarter.
While we prepare an Investment Update discussing our year-end review and a look forward, we want to provide an update on what is happening currently in the Capitol and what that may mean for the markets.
The markets have been encouraged by COVID-19 vaccine news even though we are experiencing a fourth quarter spike in cases. The expectation of higher employment and higher economic activity in 2021 has investors re-entering the markets and repositioning their portfolios in anticipation of a post-COVID-19 world. The economic numbers for the fourth quarter may see a
The markets have recently been focused on three main headlines - the election, a stimulus package, and the approval of a Covid19 vaccine. We often say the markets dislike uncertainty and would rather know bad news than have uncertainty linger.
As we close the third quarter of 2020 and enter a pivotal fourth quarter, we’d like to reflect on this year, not just with the Covid19 pandemic and other news that has created one of the most unsettling periods of time in our nation. We also look forward to the year end and the effects of a Presidential election.
Last night we learned that President Trump and his wife, along with members of the White House staff, have tested positive for the Covid19 virus. We offer prayers for safety and healing to all of our government and political leaders and their families.