JBN | Jewish Business Network

Networking Events for Jewish Entrepreneurs

Coronavirus Vaccines and the Economy
Hopeful markets react.

 

Provided by Frederick Saide, Ph.D.

 

As the United States sees a rise in cases of COVID-19 across the nation, news of two promising vaccines out of hundreds being tested has offered a ray of hope for a fatigued world.1

 

A positive reaction to these vaccines affects every aspect of human life, including the financial world. On Monday, November 16th, The Dow Jones Industrial Average rose 450 points on the news of a second effective vaccine, hitting a record high.2

 

Markets are not merely reacting to the positive news, but what a vaccine might mean for the economy. Investors are likely picturing people returning to something resembling their old lives. Stocks related to travel, such as airlines and cruise holidays, have seen an uptick. The properties of the vaccine itself might influence the markets - one of the vaccines spotlighted requires deep refrigeration, leading to a boost in trading for companies offering that service.3

 

While the hope the vaccine inspires feels reassuring, it’s crucial to maintain the long view, just as the markets are. Investors may now see life after COVID-19 on the horizon, but we aren’t there yet. Vaccines must be approved for use, distributed, and widely adopted before the full benefit can be realized. That will take time.4

Fred Saide may be reached at 908-791-3831 or freds@moneymattersusa.guru

www.mneymattersusa.net and www.wealthensure.com

 

The Dow Jones Industrial Average is an unmanaged index that is generally considered representative of large-capitalization companies on the U.S. stock market. Past performance does not guarantee future results. Individuals cannot invest directly in an index.

 

Investing involves risks, and investment decisions should be based on your own goals, time horizon and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost.

 

Any sectors mentioned are for illustrative purposes only and should not be considered a solicitation for the purchase or sale of the securities. Any investment should be consistent with your objectives, timeframe, and risk tolerance. Individual sectors are subject to the additional risks that are associated with a particular industry, such as political, regulatory, market, or economic developments.

 

This material was prepared by a third party, and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note - investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment.

 

Disclosure:

MoneyMattersUSA®, Advisory LLC and Foundation Insurance Services, LLC are independent companies with common ownership. Advisory services are offered through MoneyMattersUSA®, Advisory LLC and Insurance services are offered through Foundation Insurance Services, LLC; Frederick Saide Financial Advisor.

Frederick Saide is not connected with or endorsed by the United States Government, the federal Medicare program, Medicaid program, or the Social Security Administration. 

 

 

Citations

  1. The Associated Press, November 16, 2020
  2. CNBC.com, November 16, 2020
  3. Barrons.com, November 10, 2020
  4. Seattle Times, November 16, 2020

Views: 4

Comment

You need to be a member of JBN | Jewish Business Network to add comments!

Join JBN | Jewish Business Network

About

Josh Dill created this Ning Network.

Photos

  • Add Photos
  • View All

© 2021       Powered by

Badges  |  Report an Issue  |  Terms of Service