Economic Insights

As we enter the 4th Quarter, it’s important to recognize that the stock market has withstood a major shock this year and responded far better than most analysts expected.Even so, with all the “risks” being highlighted, volatility is likely to remain elevated.As we see it, it’s likely that: We’ll see favorable results from Phase III clinical trials of multiple COVID19 vaccines as early as the end of October; The elections will be decided in a peaceful manner; and Holiday shopping will be robust with limited disruption from COVID-19. Some will say, “that’s a pipe dream.”They could be right. W.....

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