In this segment of What’s Ahead, I deal with the overarching question of whether the swell in new Covid-19 cases will derail the nascent economic recovery and send stocks tumbling.
Even though several states have halted or even reversed reopening their economies, restrictions nationwide have eased enough to keep overall economic activity on the upswing. That’s why stocks haven’t fallen.
Encouraging news on the development of treatments and vaccines for this dread disease is also helping stocks.
What will more likely impact equities as the election campaign heats up is uncertainty over what kind of economic environment we will have next January.