As we say goodbye to summer and hello to those colder temperatures, does the market start to once again focus on case count?
With at least 9 states reporting record increases in COVID-19 cases and with President Trump and members of his inner circle battling COVID, markets have held up relatively well. One reason for this is hopes of additional stimulus being passed. As proof, any headline that a deal is getting closer or that there is additional dialogue between party leadership and the stock market bounces. The key question becomes if there is a stimulus deal, what happens next – especially if COVID cases continue to rise?
For the week ahead, expect these stimulus headlines to continue to move the markets and as we have been mentioning over the last few weeks, given the heightened volatility readings, don’t be surprise if the wild swings continue of up 1% days being followed by down 1% days.
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.
This has been your Weekly Market Minute, and we’ll see you on Monday – prefer to listen or watch? Check out our video & audio formats below:
Prefer Audio Over Video?
Stay informed on what's going on in the market without getting caught up in the flashy headlines.
Listen to this Episode: