Will we see a correction soon?
The stock market right now is truly disconnected with the current economy right now. While stocks are hitting all time highs thanks to vaccine news, Biden’s presidency and Tesla entering the S&P 500, unemployment continues to be sky high while Covid cases continues to surge as we head into winter.
With Thanksgiving in the USA, I expect a surge in Covid-19 cases in December. As we all know, the coronavirus thrives in cold environments, which is why I am extremely wary of the virus situation as we head into December. If the spread gets too serious, many countries may revert to lockdowns again and we all know what will happen to the stock market. While it is true that vaccines are rolling out soon, mass adoption won’t happen until we are way into 2021. Even if vaccines are available at the end of the year, priority will go to the bigger nation states first before coming to...