{"id":9057,"date":"2020-11-23T16:20:41","date_gmt":"2020-11-23T16:20:41","guid":{"rendered":"https:\/\/zackspcg.com\/blog\/?p=9057"},"modified":"2022-02-26T13:06:00","modified_gmt":"2022-02-26T13:06:00","slug":"pandemic-changes-thanksgiving-a-new-asian-trade-group-stimulus-clock-ticking","status":"publish","type":"post","link":"https:\/\/zacksim.com\/blog\/pandemic-changes-thanksgiving-a-new-asian-trade-group-stimulus-clock-ticking\/","title":{"rendered":"Pandemic Changes Thanksgiving, a New Asian Trade Group, Stimulus Clock Ticking"},"content":{"rendered":"\n<p>In today\u2019s Steady\nInvestor, we look at key factors that we believe are currently impacting the\neconomic recovery and what could be next for the markets such as:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Thanksgiving\nin a pandemic <\/li><li>15 Asian\ncountries strike a new trade deal<\/li><li>The clock\nis ticking on fiscal stimulus<\/li><li>Bad timing\nfor Boeing<\/li><\/ul>\n\n\n\n<p><strong>Shopping for\nThanksgiving Dinner May Look Different This Year \u2013 <\/strong>Thanksgiving in general\nmay look different this year, with limitations on gatherings and with some\nfamilies unable to travel for the holiday. The menu may also look different, as\ngrocery stores grapple with supply chain issues and as consumers shift\npreferences. Grocers this year are reportedly stocking smaller turkeys \u2013 12 to\n14 pounds versus 16 to 20 pounds \u2013 in anticipation of smaller gatherings, and\nmany grocers are worried about low supplies of canned vegetables, baking\ningredients, and other necessities like pie trays and paper towels. Tight\nsupplies and firm demand may mean higher prices at the register, particularly\nif consumers are forced into making similar choices based on availability. Prices\nmay also feel a bump as many grocers and suppliers take on the additional costs\nof supplying protective equipment for workers and following stricter sanitation\nprotocols. Indeed, the research firm Nielson reports that the cost of a typical\nThanksgiving meal is expected to rise 3.7% from a year ago, to about $55.27.\nNormally, the cost of Thanksgiving dinner rises about 1% to 2% per year.<sup>1<\/sup><\/p>\n\n\n\n<p>______________________________________________________________________________<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/go.steadyinvestor.com\/download-mitch-dividend-guide-2?source=zim&amp;medium=blog&amp;term=steadyinvestor_dividend_guide2_mitch_zim_11_23_2020&amp;content=dividend_guide2_mitch\">How to Protect Your Retirement as The Market Fluctuates<\/a><\/strong><a href=\"https:\/\/go.steadyinvestor.com\/download-mitch-dividend-guide-2?source=zim&amp;medium=blog&amp;term=steadyinvestor_dividend_guide2_mitch_zim_11_23_2020&amp;content=dividend_guide2_mitch\"><br><\/a> &nbsp;<br>Investors may not know where to invest during this unpredictable time. One potential solution is a portfolio invested in stocks with a strong track record of dividends and dividend growth. This may give investors the potential for a stable and predictable source of income in retirement.<br> &nbsp;<br>To learn more about how to use dividend-paying stocks in your strategy to potentially generate cash flow for retirement, check out our guide \u201cRetirement\u2019s Uphill Battle: Generating Income in a Low Interest Rate Environment.\u201d<br> &nbsp;<br>If you have $500,000 or more to invest, click on the link below to get our free guide today!<br> &nbsp;<br><strong><a href=\"https:\/\/go.steadyinvestor.com\/download-mitch-dividend-guide-2?source=zim&amp;medium=blog&amp;term=steadyinvestor_dividend_guide2_mitch_zim_11_23_2020&amp;content=dividend_guide2_mitch\">Retirement\u2019s Uphill Battle: Generating Income in a Low Interest Rate Environment.<\/a><sup>2<\/sup><\/strong><\/p>\n\n\n\n<p>______________________________________________________________________________<\/p>\n\n\n\n<p><strong>15 Asian Countries\nStrike a New Trade Deal \u2013<\/strong> In a deal that took years to complete, the\nRegional Comprehensive Economic Partnership, or RCEP, includes some of Asia\u2019s\nmost stable and growing economies \u2013 from Australia and New Zealand to Japan,\nSingapore, and South Korea. But the deal also includes China, which in a sense\nonly adds to its influence in the region. The United States had a similar\nopportunity to exert trade and commerce influence in the region, with the\nTranspacific Partnership or TPP, but pulled out of the deal. The RCEP\u2019s terms\nare less comprehensive than the TPP\u2019s, but it should make it easier for\ncountries in the deal to import raw materials from each other and export finished\nproducts without high tariffs. According to Japan\u2019s government, the RCEP will\neliminate tariffs on 91% of goods traded within the bloc, and dramatically increase\nthe level of non-tariffed goods and services. Freer trade often leads to\ndislocations within member economies, but over time has proven to lower the\ncosts of goods and services globally.<sup>3<\/sup><\/p>\n\n\n\n<p><strong>For Many Americans,\nthe Clock is Ticking on Fiscal Stimulus \u2013 <\/strong>Earlier in the year, Congress\npassed legislation expanding unemployment insurance and increasing the weekly\nbenefit for a period of time. In most states, unemployed workers get 26 weeks\nof benefits, with Congress providing an additional 13 weeks with the stimulus.\nCongress also extended the benefits to other types of workers, like\nfreelancers, contract workers, and the growing number of Americans operating in\nthe \u201cgig economy.\u201d<sup>4<\/sup> The expansion of unemployment insurance expires\non January 1, which could leave millions of Americans without benefits in the\nnew year. If the pandemic were in a better place \u2013 and the economy was able to\noperate free from restrictions \u2013 an extension to the fiscal benefit may have\nbeen debatable. But failing to deliver another round of fiscal stimulus could raise\nthe risk of millions of American families entering a very challenging period\nfinancially in the coming months. <\/p>\n\n\n\n<p><strong>Bad Timing for Boeing\n\u2013 <\/strong>After nearly two years of being grounded after two crashes and a myriad of\nquality control issues, the Boeing 737 MAX jets are being cleared to fly. The\nproblem: global demand for air travel and new jets has been pummeled due to the\npandemic. Airlines and aircraft-leasing companies have canceled approximately\n10% of Boeing\u2019s outstanding MAX orders in 2020, which for Boeing marks a sharp\nreversal of fortunes in the past year. In 2018, the aviation company was\nstruggling to meet demand for its aircraft. Now, the problem is too much\nsupply.<sup>5<\/sup><\/p>\n\n\n\n<p><strong>Investing During a Pandemic &#8211; <\/strong>You may be wondering\nwhere to invest during this unprecedented time, as cash won\u2019t do. I would\nsuggest considering stocks that are growing earnings and dividends and have a\ntrack record of doing so.<\/p>\n\n\n\n<p>To learn more about how to use dividend-paying stocks in\nyour strategy to potentially generate cash flow for retirement, check out our\nguide \u201c<em>Retirement\u2019s Uphill Battle: Generating Income in a Low Interest Rate\nEnvironment<\/em>.<sup>6<\/sup>\u201d<\/p>\n\n\n\n<p>If you have $500,000 or more to invest, click on the link\nbelow to get our free guide today!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thanksgiving shoppers face shortages and higher prices, bad timing for Boeing, 15 Asian countries make a trade deal<\/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":[71,73,1],"tags":[],"class_list":["post-9057","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-private-client-group","category-steady-investors-week","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts\/9057","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=9057"}],"version-history":[{"count":1,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts\/9057\/revisions"}],"predecessor-version":[{"id":10502,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts\/9057\/revisions\/10502"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/media?parent=9057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/categories?post=9057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/tags?post=9057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}