- Voters may focus on COVID-19 concerns instead of economic
- Digital platforms may be used to capture new voters
- Congress may be closer to a stimulus compromise
Just yesterday our team published our updated outlook for the economy and financial markets as we prepared to enter the fourth and final quarter of 2020. Aside from discussing our forecasts and rationales, we expressed that the year has taught investors to continually expect the unexpected. Hours later, President Trump and the First Lady tested positive for COVID-19, and although Vice President Pence tested negative, one can reasonably expect that other top White House officials and aides will have also contracted the virus. Above all, we wish the both of them, as well as any other citizen that has become sick with the virus, a quick recovery. However, with the US economy at a critical stage in its recovery process, the financial markets grappling with further uncertainty, and the election just 32 days away, we find it necessary to address the major questions and potential implications that could result from this unexpected development.