I’m typing this week’s Weekly Market Review from my home office which generally is a dust-collecting, catch-all room in our home. Our five-year old middle child didn’t feel great last Tuesday after school and tested positive for the COVID-19 virus. He was feeling pretty terrible for a couple of days, but has been symptom-free ever since. The rest of our family got tested and our three-year old daughter also tested positive, but thankfully remains symptom-free. Like so many others, I’m trying to be productive and do good work from home, despite lots of interruptions and distractions. Thankfully, I have a great team of co-workers to help serve our clients.
Days like today are bittersweet; excitement around the vaccines being approved and distributed, but somber feelings around the death and disruption the virus continues to cause. I have had a great number of clients and friends ask if I will get the vaccine. It’s a question you have probably been asked also. Yes, our family will be getting the vaccine when it is our turn. With that being such a relevant question and topic, I wanted to share an update regarding the most advanced vaccines and proposed distribution plan in the months ahead.
Click HERE for the Vaccine Review and Distribution
Source: CDC. For illustrative purposes only and does not constitute a recommendation nor investment advice, and should not be used as the basis for any investment decision.
In addition to the attached Weekly Market Review, I also wanted to share a couple of interesting talking points and articles.
- Amazon strained to meet its two-day delivery window early in the pandemic, but over the course of 2020, Amazon responded to increased demand. It boosted its fleet of cargo ships to 80, added 220 packaging facilities, and hired hundreds of thousands of new employees. One analyst estimated Amazon could capture 42 cents of every dollar spent this holiday season. Marketplace December 4, 2020
- Even without further fiscal support, consumers collectively are sitting on more than $1 trillion in "excess savings" over and above pre-Covid levels. The S&P 500 companies have a record $2 trillion in cash, and those with debt have refinanced at rock-bottom rates and extended maturities to record length. CNBC December 5, 2020
- Monday, December 7th
From The New York Times: $900 Billion Plan Would Help the Economy, but Not Fix It
- Friday, December 11th
From The Wall Street Journal: S. Household Net Worth Hits Record in Third Quarter
As always, we hope you find the Weekly Market Review both informative and interesting. Have a great week!
Trevor N. Coe, CFP®