The investment markets remain optimistic about the future earnings of publicly traded companies and can see a hopeful light at the end of the tunnel regarding the pandemic. And for good reason, for the second Monday in a row, a US pharmaceutical company has announced exciting news regarding the efficacy of their vaccine. Additionally, reported third quarter earnings by traded companies continue to beat expectations.
Exciting news such as this, must be paired with the reality that the next month or two may be the hardest regarding COVID 19. While the economic hardships brought about by this pandemic may not have long lasting impacts on most publicly traded companies, the same can’t be said for so many private companies as Notable Number 3 details. Chances are you know people who are struggling in some way due to the economic hardships or the virus. We should all continue to look for ways to help one another while trying to stay safe and healthy.
As always, we hope you find the Weekly Market Review both interesting and informative.
Have a good week!
Trevor N. Coe, CFP®