Coronavirus Update from Commonwealth CIO Brad McMillan, October 30, 2020

Brad McMillan, Commonwealth’s CIO, provides an update on the coronavirus, including the economic and market implications. On the medical front, the third wave of the pandemic has accelerated around the country. With new cases at all-time highs and the geographic spread continuing to widen, this is something we need to watch. The news was better on the economic front. Layoffs have started to decline again, consumer spending has improved, and consumer confidence has remained off the lows. On top of that, business confidence and spending are still healthy. Overall, and despite the medical news, the recovery is proving much more resilient than we thought. So, can a growing economy help support the markets until the medical risks recede? Watch this video to learn more. Follow Brad at blog.commonwealth.com/independent-market-observer.