Review the latest Weekly Headings by CIO Larry Adam.
- Consumer spending is vital to the economy’s ‘bill of health’
- Congress still ‘flexing’ partisan agendas instead of stimulus
- The election may ‘stretch’ volatility higher in the interim
Today is National Family Health and Fitness Day! The COVID-19 outbreak undoubtedly brought our health and the health of our loved ones to the forefront of our minds, and with many states closing fitness centers in the initial stages of the lockdowns, the virus certainly challenged our traditional methods for exercise too. As the US nears 7 million COVID cases, we anticipate the virus will impact our daily actions and health habits, whether that be extra hand-washing or streamed workouts in our living rooms, for the foreseeable future. Above all, we hope that you and your families stay safe, but as your Investment Strategy Team we are rightfully assessing the current ‘bill of health’ for the economic recovery and evaluating how the upcoming presidential election may ‘stretch’ market volatility higher in the near term. Between critical economic data releases and the first debate between President Trump and challenger Joe Biden, next week could ‘pick up the intensity’ on both these fronts.