Review the latest Weekly Headings by CIO Larry Adam.
- Hopes policymaker action will ‘expedite’ the recovery
- Investors view earnings beats as a ‘special delivery’
- Not all states successful in ‘handling’ COVID-19
Sunday is the 245th anniversary of the United States Postal Service system. While the motto “neither snow nor rain nor heat nor gloom of night stays these couriers from the swift completion of their appointed rounds’’ has been accurate, add COVID-19 as another challenge that the Postal Service has overcome. Since the virus outbreak began, mail carriers have worked tirelessly to accommodate the ~60% surge in packages as consumers shifted to online shopping while still being able to deliver our mail. They could also find themselves squarely involved in the upcoming election with the likelihood of an increase in mail-in ballots. Similar to mail carriers, our outlook is formulated with a critical look at the ‘route’ ahead to determine what may ‘expedite’ or ‘delay’ our expectations. Deliveries next week include the busiest week of earnings, a Fed meeting, prospects of a fiscal cliff, key economic data, and tentative Congressional hearings. Below is a ‘first class’ view of what to anticipate.