With the election behind us, there is a bit more certainty about what a new administration would mean for the economy. In this video, Tower Bridge Advisors Chief Investment Officer Jim Meyer examines the potential impact of a Biden Presidency, combined with the upswing in COVID cases that threatens to negatively impact the economy again.
Previous Post: November 9 , 2020 – Election certainty and news that Pfizer’s Covid-19 vaccine candidate is 90% effective have investors euphoric this morning. The vaccine news suggests that an end to the pandemic is in sight although it is still premature to throw away our masks. The key to the stock market next year however may not be earnings, which are certain to recover, but the path of interest rates.