Economic data is already strong, and the vaccine will make it better at some point.

The comments this morning needed to be completely rewritten after the announcement by Pfizer of an effective vaccine against COVID-19. This new development does not mean the end of the pandemic in the next month. It will require most of next year to make and distribute the doses needed for everyone. What it does mean is there is a light at the end of the tunnel. The problem is not knowing how fast the light is moving toward us. The economy is in recovery from the shutdowns earlier this year. The data from last week confirmed this view.

 

PROBANK AUSTIN ADVISOR - NOVEMBER 9, 2020