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The Week Ahead: Washington Gridlock


We have another normal week for economic reports, featuring retail sales and housing data (NAHB Index, building permits, housing starts). Industrial production is from November, so it is a bit stale. Jobless claims continue to be a current and reasonably reliable indicator.
The economy remains secondary for market participants. It has been ignored for months, so why change now? Attention has mostly been on more fiscal stimulus, with daily market moves registering even small hints of progress. It is a symptom of a greater problem - a gridlocked government. Since investors can expect more of this in the years ahead, it is time to ask: ....

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California will start getting COVID-19 vaccines as soon as Monday [Los Angeles Times]


California will start getting COVID-19 vaccines as soon as Monday [Los Angeles Times]
California hospitals are preparing to receive the first batch of COVID-19 vaccines as soon as Monday after they were greenlighted by the U.S. Food and Drug Administration.
It’s a welcome glimmer of hope as the state continues to grapple with an unprecedented surge in new coronavirus cases and related hospitalizations that has shattered records nearly every day this week, raising fears that the wave of patients could overwhelm the healthcare system.
Hospital intensive care capacity fell to zero in the San Joaquin Valley on Saturday, a troubling sign that in some places, the threshold for collapse might already have been crossed. ....

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Live Stream: First shipments of Pfizer COVID-19 vaccine leave Kalamazoo facility Sunday

Live Stream: First shipments of Pfizer COVID-19 vaccine leave Kalamazoo facility Sunday
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