In this month’s video, Financial Advisor, Jeffrey Bangerter discusses a few headlines that influenced the financial markets in October 2020. Pressures on the stock market were drawn from the lack of action for a fiscal stimulus bill as well as rising COVID-19 cases. For the month, the market waited eagerly for results of the presidential election.
Market Update Financial Planning Financial Advisor Stock Market Wall Street Election By Jeffrey Bangerter on Nov 19, 2020With the news of a COVID-19 vaccine, economically sensitive stocks soared this week amidst a steep rise in new positive cases. Expectations for a new fiscal stimulus package remained low.
Market Update Financial Planning Financial Advisor Stock Market Wall Street Election By Jeffrey Bangerter on Nov 18, 2020The Week on Wall Street soared in anticipation of a split Congress. Throughout the election week, stocks rallied coming off of a poor close of October as many Americans went to the polls. Unemployment rates saw a full percentage point decrease to end the week.
Market Update Financial Planning Financial Advisor Stock Market Wall Street Election By Jeffrey Bangerter on Nov 10, 2020Stocks were sent lower as there is still no agreement on a fiscal stimulus bill from Washington D.C. COVID-19 cases continue to rise in the U.S. and Europe. Most have looked to jobless claims as a sign of economic recovery, so good news came when jobless claims reflected less than what was expected after weeks of 800,000+ claims.
Market Update COVID-19 Financial Planning Financial Advisor Stock Market Wall Street By Jeffrey Bangerter on Oct 29, 2020
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