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Our Head & Heart… today! 11/14/20
By Andrea Young on November 15, 2020
Thank you to everyone that was able to attend our webinar this past November 10th. We had a lively and informative discussion about the possible policy implications of the election results, and the impact on the markets and the economy.
We are sharing our recording of that session, in case you were not able to attend our webinar. Please feel free to share it with friends, family and colleagues.
As always, do not hesitate to reach out if you have any questions or comments.
VIDEO: Post Election: What’s Next!
Where’s our Head?
On the Economy & Markets
- An additional 709,000 new unemployment initial claims were filed on the week ending November 7th, a decrease of 48,000 from the prior revised week.
- Another 298,000 new claims were filed under the Pandemic Unemployment Assistance program.
- The total number of people collecting unemployment benefits in all programs was 21,157,111 a decreased of about 374,179 from the previous week. This number was 1,449,519 in the same week the year prior.
- The unemployment rate decreased to 4.6% from 4.9% the week before.
- To help better understand the numbers described above, here’s an interesting graph of the labor participation rates and the scale of the type of unemployment experienced.
Source: Bureau of Labor Statistics
On the Election
- Stephanie Link and the Investment team from our strategic partner Hightower summarized last week’s political news and their impact on the markets. Take a read here:
Where’s our Heart?
On COVID-19
- Pfizer announced positive early results from its coronavirus vaccine trial. We want to provide as much information on what this breakthrough could mean. Here are a couple of articles and podcast episodes on the subject.
- Also, other vaccine companies have shifted in their research stages. Here’s the official World Health Organization vaccines stage information.
Vaccine Tracker
Treatment Tracker
- Having a hard time determining how to evaluate your own state’s COVID situation. This “explainer” by VOX can help.
- States across the country are updating COVID guidelines. You can see the updated status for all states here as of November 13th.
- John Hopkins University updated their COVID case tracker. Check out how your city or county are doing and stay informed. COVID-19 Map.
- New York State and the District of Columbia have been removed from Massachusetts “safe” list for visitors into the state. To learn about the travel requirements, please take a look at the travel form here and share it with those visiting the state.
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In thinking of ways to offer support and resources at this time, we are offering a free, hour-long Life Planning session to anyone that needs it. We start with listening, empathizing, and learning from others. If you know of someone we can help, please feel free to connect us.
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