A Wall Street expert breaks down why these are the best 6 stocks to own for a second coronavirus wave in addition to the FAANMGs
"The momentum in the labor market is stalling," Ian Shepherdson, chief economist at Pantheon Macroeconomics, said in a note. "Against this backdrop, the need for further fiscal action is obvious, but we no longer expect any meaningful relief bill until February." Federal Reserve officials on Wednesday emphasized the importance of passing new fiscal aid to keep the US rebound on track. Yet Congress has largely abandoned talks on another stimulus bill and instead shifted focus to the Supreme Court vacancy and avoiding a government shutdown.
Rising COVID-19 infection rates in the US renewed fears of another virus wave halting economic activity. Case counts began a downward trend in July but have since swung higher amid reopenings.
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Really, the Dow was 19,000 when Trump took over from the Obama administration, that’s the real story. Booming economy.
Feeling it. 🙃
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