Closeup of hands holding cash

Lots of $$ on the sidelines to drive markets once we get past the election and Covid settles down

Yahoo Finance September 22, 2020

Americans are hoarding trillions of dollars in cash before the presidential election: Morgan Stanley

American households are socking away large sums of cash amid economic uncertainties later this year such as a new wave of COVID-19 and the post presidential election aftermath.

>U.S. consumers built up an astounding $12.5 trillion in excess of savings from April through July, according to new research by Morgan Stanley economist Ellen Zentner. This equates to 13.5 months of the $600 a week supplemental unemployment insurance benefit that lapsed on July 31, Zentner estimates.

About admin

Check Also

Stock Market Manager Weekly Update: December 3rd, 2021

Weekly Update: December 3, 2021 Black Swan Connection Newsletter Signup Breaking News Jobs reports not too …