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.
First, it would be helpful to review a part of our September 4th market comment:
The markets will rise, and gravity will weigh them down and like gravity in nature, this is a natural occurrence. The pullback in the markets Thursday and Friday are reminders that gains and losses are a consistent and normal part of investing.
February 24, 2020 is when COVID19 became real for most Americans.
Good Day! We trust that you are safe and well.
For our clients who are also members of USAA:
“USAA Exits Investment Business and Moves ALL Accounts to Charles Schwab”
When will our economy fully re-open?
As the COVID19 pandemic began, the general thought was that we would experience the outbreak and then we would finish with the outbreak. This would lead to the economy re-opening in a more expedited manner.