In today\u2019s Steady\nInvestor, we look at key factors that we believe are currently impacting the\nmarket, such as:<\/p>\n\n\n\n
The Pandemic Rages\nOn, and Europe Implements New Restrictions \u2013 <\/strong>Covid-19 cases and\nhospitalizations are surging across the United States and Europe. The stock\nmarket appears to be taking note. On Wednesday, the S&P 500 plunged -3.58%\nas major European countries announced fresh economic restrictions, posting its\nbiggest lost since June. Germany\u2019s 16 states agreed to shutter restaurants,\nbars, gyms, concert halls, and theaters starting on November 2, for up to a\nmonth. Italy, Spain, and France are all pursuing similar economic restrictions,\naiming for targeted measures meant to avoid a full lockdown. Here in the U.S.,\nhospitalizations are up 50% over the last week and the daily case rate has\nregularly hit above 70,000.1<\/sup> The threat of another economic lockdown\nis low, but cities with spiraling hospitalization rates may need to pursue more\ntargeted restrictions and closures. The stock market is likely to respond\nadversely to any planned economic restrictions.<\/p>\n\n\n\n ______________________________________________________________________________________________<\/sup><\/em><\/strong><\/a><\/p>\n\n\n\n How Will the Trump and Biden Tax Plans Impact Investors?<\/a><\/strong><\/p>\n\n\n\n In addition to Covid-19\ncases rising, investors are keeping a\nwatchful eye on the upcoming election and what the results could mean for the\nmarkets. As an investor, you know that the winning candidate\u2019s policies can\npotentially have a huge effect on the economy and stock market\u2014specifically\nthrough their tax proposals. <\/p>\n\n\n\n That\u2019s why we have\nprepared our free, in-depth guide that analyzes both the Trump and Biden plans.\nThis report examines how their differing approaches to corporate, individual,\nand capital gains taxes have historically affected the economy and the markets. <\/p>\n\n\n\n If you have $500,000\nor more to invest, get this guide now, to help you prepare for the effects of\nthe upcoming election on your investments\u2014no matter which candidate wins.<\/p>\n\n\n\n How the Election Could Impact Taxes and the Stock Market<\/a>2<\/a><\/sup><\/strong><\/p>\n\n\n\n ______________________________________________________________________________________________<\/sup><\/em><\/strong><\/p>\n\n\n\n Factories Feel Pressure\nas Companies Restock in Anticipation of Cold Weather\u2013 <\/strong>U.S. manufacturing\nsupply chains were squeezed hard during the spring, when Americans rushed out\nto purchase home and other goods in anticipation of lockdowns. Factories have\nlargely recovered and normalized supply chains, but they are now facing yet\nanother pinch as companies rush to restock ahead of cold weather months and an\naccelerating Covid-19 outbreak. Makers of cars, home appliances, home goods,\nand other products are scrambling to respond to inventory re-stock requests,\nparticularly as U.S. consumers continue making purchases at a robust clip. For\nexample, vehicle production has been back online fully for five months, but car\ndealers are still seeing stockpiles diminish. On the home improvement front, as\nworkers leave urban centers and purchase homes for the first time, there has\nbeen a surge in demand for home office supplies, chairs, tables, refrigerators,\nwashing machines, and on down the line. Some CEOs at major retailers estimate\nstock levels not to return to normal until early next year.3<\/sup><\/p>\n\n\n\n Manufacturing is\nRebounding with the Economy, But Remains in Long-Term Slump \u2013 <\/strong>The U.S.\nmanufacturing sector has rebounded with the broader economy, with new orders\nfor durable goods rising 1.9% in September compared to August.4<\/sup> This\ngrowth in orders marks the fifth consecutive month of expansion. New orders for\nnondefense capital goods excluding aircraft \u2013which tends to be an indicator for\nbroader business investment \u2013 has now recovered all of its pandemic-related\nlosses. While this rebound in the manufacturing industry offers a glimpse of\nhope for the beleaguered sector, it does not necessarily mark the early days of\na resurgence for the manufacturing sector. A report this week in the Wall St. Journal <\/em>suggests that the trade\nwar against China has not yet achieved its goal of reversing the decline in\nU.S. manufacturing, even though billions in tariffs were meant to encourage\ndomestic production. Job growth in the manufacturing sector started to slow\nwhen the trade war started in July 2018, and had nearly entered a decline\nbefore the pandemic struck. <\/p>\n\n\n\n A Look at the Potential Impact of Trump and Biden\u2019s Tax\nPlans<\/strong> – Investors are keeping a\nwatchful eye on the upcoming election and what the results could mean for the\nmarkets. As an investor, you know that the winning candidate\u2019s policies can\npotentially have a huge effect on the economy and stock market\u2014specifically\nthrough their tax proposals. <\/p>\n\n\n\n That\u2019s why we have\nprepared our free, in-depth guide5<\/sup> that analyzes both the Trump and\nBiden plans. This report examines how their differing approaches to corporate,\nindividual, and capital gains taxes have historically affected the economy and\nthe markets. <\/p>\n\n\n\n If you have $500,000\nor more to invest, get this guide now, to help you prepare for the effects of\nthe upcoming election on your investments\u2014no matter which candidate wins.<\/p>\n","protected":false},"excerpt":{"rendered":" Cold weather heats up pandemic, restocking push put pressure on factories, manufacturing rebounds<\/p>\n","protected":false},"author":3,"featured_media":7426,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71,73],"tags":[],"class_list":["post-8984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-private-client-group","category-steady-investors-week"],"acf":[],"_links":{"self":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts\/8984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/comments?post=8984"}],"version-history":[{"count":1,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts\/8984\/revisions"}],"predecessor-version":[{"id":10519,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts\/8984\/revisions\/10519"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/media?parent=8984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/categories?post=8984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/tags?post=8984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}