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.

Today, I'd like to provide an update on the coronavirus, including the economic and market implications. On the medical front, case growth continues to accelerate, and new cases have reached all-time highs. This is something we need to watch, as the third wave is at a level where the national risks are material.

October was a tough month for the markets. They started out strong but rolled over on rising medical risks. Fortunately, the impact was cushioned by better economic news.

Today, I'd like to provide an update on the coronavirus, including the economic and market implications. On the medical front, the third wave of the pandemic has accelerated around the country. With new cases at all-time highs and the geographic spread continuing to widen, this is something we need to watch.

Today, I'd like to provide an update on the coronavirus, including the economic and market implications. On the medical front, the pandemic remains under control at the national level, but state-level outbreaks are getting worse. Multiple states have seen case growth accelerate, to the point that some health care systems are at risk. This is something we need to watch.

Today I'd like to provide an update on the coronavirus, including the economic and market implications. On the medical front, the news was mixed. Although the pandemic remains under control, the case count continues to rise, as post-Labor Day infections register and as schools and universities reopen. Still, the number of tests has increased, and it now appears to be approaching the needed levels.

September was a tough month for the markets. They began the month with a drop and ended with everything down, but by much less than feared. The economic news was better, with improved data from the labor market and consumer confidence bouncing back. Business confidence and investment were also healthy.

Today, I'd like to provide an update on the coronavirus, including the economic and market implications. This week, we had some mixed news on the medical front. Although the pandemic remains under control, case counts have started to rise again, as post-Labor Day infections begin to register and as schools and universities reopen. Still, case growth remains well below July and August levels, and the positive test rate has continued to decline and is now around the recommended 5 percent level.

August was a very good month for the markets. The Nasdaq and S&P 500 reached new highs, and investors continued to move back into the markets. We also saw infection numbers decline, and the economic recovery started to regain strength. Consumer confidence looks to have bottomed, and wage growth has ticked up again, supporting spending growth.

Today, I'd like to give an update on the coronavirus, including the effects on the economy and markets. On the pandemic front, we’ve had some good news. Case growth is down significantly, and the case growth rate is below the lows seen in mid-June. Further, outbreaks in most states have been contained, although there are emerging worries in the Midwest. Testing does remain a weak spot, as the number of tests has trended down and the positive rate remains well above what it should be. Nonetheless, the big picture is that, for the moment, the pandemic is under control.