What’s the connection between the coronavirus, the presidential election and your 401K? It’s all about the stock market.
Let’s connect the dots!
Stocks surged Monday
Pfizer's revelation about a potentially effective COVID-19 vaccine felt like the light at the end of the tunnel for many market watchers after months of bad financial news.
The news sent a variety of stocks surging — including airline stocks — investors see a viable vaccine as a key to the travel industry returning to normal.
While analysts wait and hope for an end to the pandemic, financial experts also think that a new president could lead to longer term political stability and that's good news for markets.
Many analysts are pointing to a possible “Biden Bounce” with not only an end to election instability but also expectations of a more diplomatic approach to U.S. foreign policy.
That's good news to many of the people watching America's markets.
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