The Economy and the Pandemic

///The Economy and the Pandemic

The Economy and the Pandemic

This article confirms what I’m hearing anecdotally – people have been saving money during the Pandemic, with options for spending constrained. Meanwhile, our marvelous and ingenius people have found ways to work around Covid’s face-to-face constrictions and continue working and earning. Result: likely continued low interest rates and likely bull market continuing ahead.

Bloomberg.com, By Tim Duy December 1, 2020: “Get ready for a supercharged economy”
The U.S. stock market had one of its best months ever in November, with the S&P 500 Index surging almost 11%. Many are again questioning whether equities have become disconnected to reality as the Covid-19 pandemic rages anew. Lost in the debate is the potential for an explosive economy in 2021 given the magnitude of excess savings that households have accumulated, a sum that probably totals about $1.4 trillion.
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By | 2020-12-01T12:08:40-08:00 December 1st, 2020|Financial Commentary - Public|0 Comments

About the Author:

Gary has been continuously serving clients in the area of finance and investments for over 30 years. Currently he provides services to clients as a fee-only Certified Financial Planner® and manages their investments on a day to day basis.