The U.S. stock market rallied to new highs earlier this month based on optimism of a post Covid-19 economy later this year. We are seeing a softening in the stock market the past week, especially with technology stocks. The recent selloff is in part related to rising interest rates on federal bonds.
In terms of finance, as in so many ways, 2020 was a year none of us will forget.
Top seven financial resolutions for 2021!
2020 presented us with unique challenges. Never has a series of events had such wide-ranging repercussions as the Covid-19 pandemic combined civil and political unrest.
With the election now less than 40 days away, investors are turning their attention to the November 3 ballot. Amid COVID-19 infections, a battered economy and civil unrest the election results are uncertain.
Our markets are still rebounding from March, and we have optimism about the Federal Governments' commitment to Stimulus packages and a COVID vaccine as early as November, we start to ask now, how long will the recession last?