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November Educational Economic Update

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 on Nov 19, 2020

Vaccine Triggers Rally

With 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 on Nov 18, 2020

The Markets React to the Election

The 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 on Nov 10, 2020

No Stimulus, Stocks Lower

Stocks 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 on Oct 29, 2020