Category

Legislation

Zach Abraham Discusses the Stimulus Package

By | In The Headlines, Legislation

Chief Investment Officer Zach Abraham discusses markets, the economy, and the new coronavirus aid package signed into law in December on Cheddar.com.

 

Some points discussed:

  • The Fed has already told Congress that they literally can’t put too much money into stimulus aid relief in order to help the economy.

 

  • The $900 billion stimulus package is not big enough, a full economic recovery will require much more; Congress will need to do another round, plus investment in infrastructure.

 

  • The pandemic was a Black Swan event. These bills are much more than just a stimulus; this is like government paying damages after a major disaster in order for our nation to recover.

 

  • No matter which side of the aisle you’re on, depending on what happens in the Senate runoff in Georgia we will see more economic relief happen more quickly or more slowly, based simply upon who is in power. This will dictate our 2021 investment strategy for our clients. As one small example, if Democrats win the majority in the Senate, we could expect the clean energy sector to take off based on Biden’s platform moving forward.

 

Watch the whole show: