August stock markets continue to precede the economy out of the pandemic-induced recession. All major stock indices surged forward to recover year-to-date losses. Technology thrives in the pandemic economy. Real estate showed positive momentum last month and health care remains positive while utilities dipped in August. Bonds also sagged last month but have been strong through all the turmoil.
Improved bottom lines still depend on a promise of treatments and/or vaccines currently under pressured development. The stock market optimism for a recovering economy is tagged to this. Our health and peace of mind also depend on it. Safe, effective, and fast is an unprecedented challenge for modern medical research. That is our reality.
There is still no update on the planned move of TD Ameritrade client accounts to Schwab. The details take a long time to work out so that the eventual transition can go smoothly. We will keep you posted as we learn about the progress and any changes you will need to know.
With sunlight seeping away at the edges of each day, the steamy summer turns an abrupt corner toward the end of August. A softer summer lingers, hopefully for a long while yet. Songbirds with their surviving summer families jostle at the feeders. Even those that stay all winter get caught up in the feverish feeding frenzy, while we feast on fresh corn and tomatoes and peaches for the remainder of their short season. Making today enough.