Dear Money & Crisis Reader, Yesterday President Biden suggested that the US might face another wave of lockdowns. Among the various policies he hinted at were: - Mandating that all Americans get the COVID-19 vaccines.
- Shutting down businesses, schools, and society like in 2020.
The question now is whether this is a political ploy or if the American people will go along with these proposed policies. After all, the only reason we had lockdowns in 2020 was because people complied. I’m not a psychic and cannot claim to have answers to this. But I do know that the stock market is forward-looking and can provide us with some clues. After all, back in 2020, stocks began to collapse in late February, several weeks before the country formally went into lockdown. Today, stocks are not collapsing (at least not yet). We had the beginnings of a breakdown in mid-July, but that quickly reversed and gave way to new all-time highs. Moreover, that particular breakdown wasn’t distinguishable from other corrections over the last six months. Still, it’s always good to keep an eye on things. So below are two stocks I’m watching for signs of whether or not another round of lockdowns is coming. |
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