Back to Normal?

The Dow Jones closed today at almost 30,000 points, 29,950 to be exact. This close is higher than the index sat at right before the blows of the coronavirus were felt by the stock market. Is everything back to normal? Certainly not, our country is very unprecedented times with differing health plans depending on state. The boost to the Dow could be churned by the vaccine headlines from Pfizer ($PFE) and Moderna ($MRNA) as they both announced highly effective vaccines, giving investors optimism. Shockingly so, the stocks themselves didn’t make much noise, especially Pfizer which has remained stagnant despite the headline. What I theorize will continue to benefit from improved vaccine performances will be stocks that have been suppressed since March such as the cruise line and airline industries, as well as possibly the retail industry. A vaccine could allow them to finally see some realistic light at the end of the tunnel, instead of the hopeful fabrications they have lived off of the past 8 or so months.

-Darnel Shillingford

Leave a Reply

%d bloggers like this: