This morning we got more positive vaccine news, this time from Moderna - saying that it is 94.5% effective in preventing infection. This is now back-to-back Mondays with great news concerning vaccines. Vaccine news and the anticipation of positive vaccine news has no doubt contributed to the nearly 10% return for the S&P 500 thus far this month, as of Friday’s close.
For the week ahead, and really for the next few weeks is whether the market can continue to look past the daily record infections and rollbacks in re-openings in what is expected to be a long and tough fall and winter season before any vaccine can be freely distributed.
For a more detailed market report head on over to our Insights page. Where there are some of the key economic data points to be released this week. Also, subscribe to our YouTube channel and check out some of our other social media pages.
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