It’s all About the Pandemic

The Covid-19 pandemic continues to be the dominate news maker in the U.S. and around the globe. Equity markets rise and fall with positive or negative vaccine news, or news of a spike or reduction in cases and deaths. Most medical experts agree that even with the successful development of a vaccine we are still likely a year away from mass vaccinations, and that’s assuming people are willing to get vaccinated. Polling suggests that up to one half of Americans indicate they will not take the vaccine, ultimately delaying a complete economic recovery. During the third quarter, stocks rose and are now positive for the year, although they experienced a sell off in September as worries grew of lingering economic problems. Bonds were also positive during the third quarter, adding to their gains year to date.

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