Amid this summer’s economic pain, continued cases of Covid-19, and lockdown restrictions, the outdoors have been a bright spot.
For individuals, it’s been where we’ve been able to see friends and family without too much risk of catching Covid-19.
For bars, restaurants, and cafes, the open air has allowed them to serve customers and take in a little money.
Now, fall is settling in and temperatures are dropping. Especially in northern states, that’s going to make the outside much less appealing.
Especially as Covid-19 is already resurging — and people moving indoors will only make it worse. This is going to have a huge impact on businesses.
In fact, four sectors are going to be hit hard this fall and winter.
And if you’re not on guard, your portfolio could take a hit, too.
Unless you get out of these six stocks now…
Markets opened up by about 1.5% this morning, with Big Media crediting renewed optimism that Congress and the White House will finally agree on more stimulus.
That’s got nothing to do with it.
The Reality Gap here is that traders and investors are now focused on the election, and the uncertainty that it brings.
Now, it’s not really the uncertainty of who will win that’s got people worried. It’s when and how we’ll know who won that has traders wringing their hands.
Because of the pandemic, record numbers of voters will be voting through the mail rather than in person. That might delay the ballot count, a delay that President Trump has suggested he might ignore.
That’s led traders and investors to worry that we may wake up the day after the election with both camps claiming their candidates won.
But on Friday, investment Goldman Sachs Group Inc. (GS) published a note arguing that this uncertainty was already priced in. JPMorgan & Chase Co. (JPM) made a similar argument over the weekend.
Traders were convinced, and with a sigh of relief went back to trading.