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Quarter 3 2020 Market and Economic Update

Quarter 3 2020 Market and Economic Update

November 18, 2020
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As we review the 3rd quarter of 2020 we track market performance using a unique “under the numbers” approach – we study 5 MACRO drivers  Capital, Demographics, Technology, Global Markets, and Ecology.

 

The U.S. economy and capital markets, still hit by the Ecology Wave Covid-19 virus, continue to recover from steep 1st Quarter losses, but on the back of enormous government stimulus moves – $4T+ deficits this year.

Stocks and real estate rose and are positive year to date.  Fixed income dropped - governments issued new money and also began purchasing non-government bonds to boost economies. The U.S. employment is recovering, from 14.7% to 7.9% April – May: 



What’s new about this virus event:

While Covid-19 is a game-changing global health event, it’s effect on markets appears to be similar to other health events, seen here:

Our unique “under the numbers” to the key economic drivers:

  • Ecology – Unexpected Covid-19 crisis.
  • Technologyspeedy vaccines & therapies, industry mobilized.
  • Demographic/Human – Hospitals OK, 1st responder heroes, immune health vital.
  • Global Markets remain disrupted, Internet commerce thrives.
  • Capital Macro – massive new debt, investors beware.

 Don’t forget to join us November 12, 2020 at 7pm MT for our 2020 BWA Wealth & Health Faire. Dr. Marc Milstein will discuss:  Keeping Your Brain Young:  Slow Aging, Boost Productivity and Lower Risk for Alzheimer’s and Dementia.