The Financial Economic Situation Now

Published Friday, December 18, 2020 at: 7:30 PM EST

After closing at a new record high on Thursday, stock indexes declined fractionally today, as Congress struggled to meet a weekend deadline to write a law that would provide about $900 billion in additional federal relief to individuals and businesses suffering financially amid the deepening public health catastrophe.

The news has been grim. Daily death and hospitalization rates tragically broke records recently and millions of families are in financial jeopardy.  At the same time, however, the broad economy is doing fine, and stocks have been breaking records due to a shift in the asset valuation paradigm, as the relative value of bonds has declined versus stocks.

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.

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