Today, I'd like to provide an update on the coronavirus, including the economic and market implications. On the medical front, the stats have been getting better for the past two months, with case growth and hospitalizations down. That’s the good news. The bad news is that we are now at levels we saw at the peak of the second wave. And with some states starting to reopen and ending mandatory mask wearing, there are real things to worry about in the months ahead.
Turning to the economy, state reopenings, while they raise medical risks, help the job market and spending. Plus, the existing federal stimulus should support the economy, and business continues to move from strength to strength.
Indeed, economic recovery is largely what the markets have been expecting—but now they’re dealing with the problems of success. In fact, the prospect of inflation and higher interest rates is rattling the markets as we speak. So, should we expect more volatility as we navigate the transition back to normal? Watch my latest video to learn more.