The Newsletter
Covid cases are dropping, vaccines are being administered and warmer weather is coming. Fatigued consumers are ready to return to normal. We especially miss traveling.
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The Newsletter
Succinct Summary: Pfizer announced that its vaccine is 90% effective and that gave a boost to market confidence. The vaccine could be great news for the industry and great news for society. Pfizer says that it will have over 1B doses ready next year. The vaccine could lead to some reflationary outcomes.
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The Newsletter
Succinct Summary: Big retailers posted staggering comps in the second quarter as consumers shift spending towards purchases for items used at home. Part of the strength was driven by stimulus but spending appears to have stayed strong in August even after the stimulus has waned. November’s elections are starting to shift into focus. And life may not get fully back to normal until 2022.
Editor’s Request: This weekly newsletter is made possible by donations from our readers. If you like what you are reading, click here to donate (Our suggested donation: $10 per month). Help us keep The Transcript going.