and COVID-19 cases spike heading into the winter, threatening further business closures.
Only 13% of Americans are including financial planning as a resolution in 2021 – an 11-year low, according to the annualconducted by Allianz Life Insurance Company of North America. Over half of Americans say health and wellness is their top focus, while less than one-quarter say financial stability.
One reason why, they say, is that optimism for the economic rebound in 2021 has grown, with expectations for further stimulus and the rollout of the COVID-19 vaccine. Investors have also gained confidence from a strong housing market, improved consumer spending and better-than-expected corporate profits.“One of the best ways to create long-term wealth is through stocks, and the best way to do it is to buy when there are pullbacks in the market,” says Detrick.
The firm anticipates that the unemployment rate will drop to 5.3% at the end of next year, down from 6.7% in November and a record 14.7% in April, the highest level since the Great Depression.To be sure, there are challenges ahead that could threaten the stock market’s latest rally, including another coronavirus wave, experts say. Job gains have slowed for five straight months since peaking at 4.8 million in June. The U.S.
Although optimism is high among investors, some worry that stocks could be more vulnerable to a pullback if there is any bad news, including unexpected setbacks in a vaccine or a delay in stimulus.
Speculators will speculate
The stock market does not reflect what the working class and poor Americans are experiencing
Everyone is adjusting their continuity plans to include provisioning for moving as many of their products to the internet for online sales during a Pandemic, and this has economists and the stock market very optimistic about an immediate comeback in 2021.
It's not the covid numbers, it's the Biden WH on the horizon that's killing the stocks.
people are dying but don’t worry the imaginary numbers are doing well
Is this the worst stock photo matched to article headline ever? COVID19 StockMarket stockphoto Headlines