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Vaccination and Market News December

Vaccination and Market News December

December 16, 2020
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            We are halfway through December and 2020 is ending. But, it looks like we will end 2020 on a very positive note with a distribution of the first rounds of the Covid 19 Vaccinations. On Sunday, the initial supplies of the Pfizer vaccinations made their way to distribution sites across the U.S.!

             Looking ahead… there is hopes of a stimulus deal in Washington, which may provide encouragement for the markets. In addition, Miller Tabak’s chief market strategist, Matt Maley said, “That while there are more signs the market top is getting closer, the current rally has longer to run. He projects the rally will continue for a while longer and perhaps into early next year.” (marketwatch Dec 14, 2020 The IPO market might look like 1999 but history tells us the rally has longer to run, strategist says). I cannot predict the future or that Matt’s predictions will come true but I do know that markets are unpredictable. Keep in mind that through our work together we have designed diverse investment portfolios that match your long-term goals and investment risk tolerance. As always, if you have any specific questions on your account(s) or investments please do not hesitate to contact me.

             You may have seen some recent information on the roll out phases of the vaccines. I was recently provided the information and charts below and because it is the holidays and the season of sharing, I am sharing it with you! This is an exciting time because we have three additional companies with vaccination either in or entering phase 3 trials. 

 

Enjoy the reading! Happy Holidays!

~ Jessica

 

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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. This is not a representation that an investment in any of the companies mentioned were or will be profitable, or that Lord Abbett has or will invest in any of the companies mentioned.LFS-3369667-121420