The Covid 19 case count has taken a turn for the worst and the US is approaching 200,000 new confirmed cases a day. This is partially caused by vaccine headlines and a mentality that the worst is over, but as we can see, things are only deteriorating.
The stock market is hovering just below all time highs and investors are cycling into Covid 19 affected stocks such as Airlines, Hotels, Restaurants and other companies most impacted by the virus.
It remains to be seen where the markets will head from here, but we are under the impression the market will wait and see about the Covid 19 vaccine and move sideways until there is more clarity.
There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. A security’s or a firm’s past investment performance is not a guarantee or predictor of future investment performance.