With COVID, there were some who believed that progress on this health issue was a necessary precondition to economic recovery. In recent weeks, we have seen some promising trends emerge on the health front. The CDC is reporting the provision of 295 million vaccinations; 51% of Americans have had at least one injection.1 That confidence is starting to work its way into the economy as more people feel safer venturing out and making plans for the future. Over Memorial Day weekend, one major hotel chain said that travel demand surged. The company notched a record-breaking number of bookings on Saturday over the holiday weekend. A North American movie theatre operator reported $100 million in ticket sales over the weekend, the best performance since the start of the pandemic. And a contemporary circus producer said ticket sales are double-digits higher than there were before the pandemic.2,3,4 Are you feeling more confident about your personal recovery? We'd welcome the chance to hear about any spontaneous plans you created over the holiday weekend. But if you still have reservations, we understand. The pandemic changes were far-reaching, and we expect people will recover at their own pace. |
1. Covid.CDC.gov, June 1, 2021 |
The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite, LLC, is not affiliated with the named representative, broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information and should not be considered a solicitation for the purchase or sale of any security. |
Recovering from COVID
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June 07, 2021