Dock Treece 12-11-20
Update: 2020-12-11
Description
Friday, stocks were little changed yesterday and the news is conflicting. New jobless claims rose but job opening in manufacturing hit an all time high. And everywhere I look I see 'now hiring' signs.
We are in a pandemic driven recession yet U.S. household net worth hit a record in the third quarter. Stock and housing prices are credited with the gains.
A quote from the attached article "The net worth of U.S. households rose to a record in the third quarter as the value of stock portfolios and real estate surged, a Federal Reserve report showed, highlighting the skewed nature of an economic recovery that has disproportionately benefited wealthier Americans."
What's your plan?
We are in a pandemic driven recession yet U.S. household net worth hit a record in the third quarter. Stock and housing prices are credited with the gains.
A quote from the attached article "The net worth of U.S. households rose to a record in the third quarter as the value of stock portfolios and real estate surged, a Federal Reserve report showed, highlighting the skewed nature of an economic recovery that has disproportionately benefited wealthier Americans."
What's your plan?
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