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Coronavirus Update: December 11, 2020 [Video]

Posted by Brad McMillan, CFA®, CFP®

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This entry was posted on Dec 11, 2020 1:30:21 PM

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Today, I'd like to provide an update on the coronavirus, including the economic and market implications. We had mixed news on the medical front. The third wave of the pandemic continues, although there were positive developments on vaccines. People could start getting shots in days, and recent projections suggest we could approach herd immunity as soon as June. Turning to the economy, the news got worse. Job growth dropped substantially, and layoffs rose sharply. With the employment market down, consumer confidence softened further, along with retail spending. Clearly, the third wave is acting as a significant drag on the economy, but what should we expect from the markets? Watch my latest video to learn more.

*This video was recorded on Thursday, December 10.

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