(September 2020)

Ask yourself what is really keeping market and economic expectations aloft (besides the Fed). Very quickly most will realize that it is the expectation that a COVID vaccine will be available sometime before the middle of next year, which would ensure a smooth recovery by allowing everything to “get back to normal”. Therefore, disruptions to that assumption can be very damaging, which market volatility around vaccine news has already proved. Well, big news has just come out on that front: the largest producer of vaccines has just said there will not be enough vaccines for everyone until 2024. The CEO of the Serum Institute, the largest producer of vaccines in the world, said that the vaccine will most likely be two-dose, meaning that 15 BN doses would be needed to protect the whole world. “I know the world wants to be optimistic on it . . . [but] I have not heard of anyone coming even close to that [level] right now”.

(New York)


FINSUM + Magnifi: This is pretty eye-opening news. This means it will likely take almost a billion doses just to get the US vaccinated, and we will be competing with every other country to get those doses. Given the credibility of these comments, this definitely throws doubt on the idea of a smooth vaccine-backed recovery.

{{cta(‘031ca73e-408c-41ef-9886-bfe7cd5553d7’)}}

Magnifi is changing the way we shop for investments, with the world’s first semantic search engine for finance that helps users discover, compare and buy investment products such as ETFs, mutual funds and stocks. As of August 2020, 75,000 users with $210 Billion in Assets Under Influence, has used Magnifi over 225,000 times. Try it for yourself today.

 

This blog is sponsored by Magnifi. The information and data are as of the publish date unless otherwise noted and subject to change. This material is provided for informational purposes only and should not be construed as individualized investment advice or an offer or solicitation to buy or sell securities tailored to your needs. This information covers investment and market activity, industry or sector trends, or other broad-based economic or market conditions and should not be construed as investment research or advice. Investors are urged to consult with their financial advisors before buying or selling any securities. Although certain information has been obtained from sources believed to be reliable, we do not guarantee its accuracy, completeness or fairness. Past performance is no guarantee of future results. This content may not be reproduced or distributed to any person in whole or in part without the prior written consent of Magnifi. [As a technology company, Magnifi provides access to tools and will be compensated for providing such access. Magnifi does not provide broker-dealer, custodian, investment advice or related investment services.]