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Coronavirus Update: November 13, 2020 [Video]

Brad McMillan, Commonwealth’s CIO, provides an update on the coronavirus, including the economic and market implications. On the medical front, case growth continues to accelerate, and new cases have reached all-time highs. This is something we need to watch, as the third wave is at a level where the national risks are material. Turning to the economy, the news was better. The job market remains strong, and consumer confidence and spending are holding up. Plus, business confidence and spending are still healthy. This positive economic data, along with notable progress in coronavirus vaccine development and a reduction in political uncertainty after the election, has driven markets close to all-time highs. But could we be in for volatility ahead? Watch this video to learn more.