We can finally put a checkmark next to a BREXIT deal and Congress and President Trump passing another stimulus package. So, what’s next?
1,645 days. That’s how many days it took for the UK and the European Union to strike a post-BREXIT agreement. So, that’s finally done. Over the weekend, President Trump signed the 900-billion-dollar stimulus package, so that too is finally done for now. So, the question naturally becomes, now what? Well, first to mind is the Georgia senate races on January 5th which will determine whether we have a divided government or not. We should also be hearing from Johnson & Johnson shortly about their Phase III trial results for another COVID-19 vaccine. And speaking of the COVID-19 vaccines, are goals being met when it comes to vaccinating the public.
For the week ahead, the economic data released this month has no doubt showed a loss of momentum for the U.S. economy. So, as we say goodbye to 2020 let’s focus on whether this is a short-term soft patch or if this becomes more worrisome. Lastly, we are only a few days away to saying goodbye to 2020. May 2021 mark the end of the global pandemic and may it also be a happy, healthy and prosperous New Year for each and every one of you.
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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