- There is a new strain of the coronavirus, and this one seems to be moving through populations at an alarming pace.
- Is it possible that this new rapidly spreading strain is in the U.S. already?
- Major parts of Europe are under strict lockdowns for the holiday season.
- By the time vaccines are available in mass scale to the general public, this new strain could cause a lot of damage to an already fragile economic recovery.
- All of this is deeply concerning and is likely to lead to worsening consumer spending and confidence, as well as to other unpleasant economic factors.
For further details see:
S&P 500: The Correction Is Just Getting Started