Author Bio
Lou has followed the markets for more than two decades, developing extensive contacts including industry leaders, consultants, regulators, and labor representatives. He spends a lot of time these days focused on the industrials and financials. When not arguing on Twitter or writing about the markets, Lou spends his free time out in nature, complaining online about the Baltimore Orioles or Watford FC, or listening to early 1990s alt rock.
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The White House delivered good news to a pandemic-fatigued public this week, moving up the timeline for vaccine distribution.
President Joe Biden said there should be enough vaccine supply for every American adult to get a jab by the end of May. That s two months ahead of previous estimates.
Data source: Yahoo! Finance.
One of the catalysts for upward stock price movement lately has been hope stemming from the emergence of coronavirus vaccines to fight the COVID-19 pandemic. The rollout of those vaccines was supposed to help hard-hit industries like cruise ship stocks and travel stocks even more than the broader market, because the pandemic has been the primary reason they ve suffered so much in 2020. Yet even as those vaccines become available, shares of many travel-related stocks were lower on Tuesday.
Dealing with disappointment
Different segments of the travel industry saw varying performances on Tuesday. For cruise ship stocks, the hits were relatively hard.