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Investment & Economic Strategy Update — September 22, 2020

Overall the US economy is recovering well but one industry that is continuing to struggle is hospitality, more specifically, bars and restaurants, and this is due to the continued restrictions and shutdowns throughout the US.

Other industries are actually doing the heavy lifting and helping to boost the economy. Demand for things like recreational vehicle and boat sales and home improvements has gone way up to the point that businesses are having trouble getting supplies. People are spending money locally instead of traveling.

Unemployment rate is down and, in our opinion, will continue to improve as we go into the 4th quarter of 2020 and get even better in 2021.

Remember: The world is not ending. Don’t buy into the mass media hype about doom and gloom! They report news to sell advertising, not to inform, and most of it is garbage!


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