About 75 years ago, during the summer of 1945, Americans celebrated VJ day as World War II came to a finish. Good feelings combined with a huge pent up demand for products and cash from the GI Bill, resulted in the “golden age of capitalism”. GDP exploded and the middle class expanded until well into the mid-seventies. On December 10th, when the FDA meets to approve the logistics of providing at least three vaccines to a world held captive by Covid-19, we may experience our own VV day, or Victory by Vaccine for the global economy. The market’s outperformance during the month of November may be indicating that a demand fueled recovery is becoming a reality. Just don’t kiss a stranger in Times Square, it might be frowned upon in 2020.
Give the gift of a Dollar Investment Club Membership this Holiday Season!