Today, I'd like to provide an update on the coronavirus, including the economic and market implications. On the medical front, we’ve seen significant improvements. Case growth has shown signs of topping, indicating the third wave may be about to crest. Further, three vaccines were announced as effective and safe in the past two weeks. While the pandemic is still in force and there is a potential risk from Thanksgiving gatherings, the trends may be starting to reverse.
Offsetting this better medical news, the economic reports have softened. Layoffs ticked up, and consumer confidence ticked down, slowing consumer spending growth. While business confidence and investment remain healthy, the risks to consumers are rising.
So, how have the markets reacted to this mix of improvements in the medical news but a slowdown in the economic recovery? Watch my latest video to learn more.