President Trump Signs The Stimulus. Will There Be More?

Traveling Growth Increased

We have two trends starting. They are the vaccine going out to more people and an increase in mobility. The increase in mobility will definitely feed off the increase in vaccine distribution because people will feel safer. It’s a good sign people are willing to go back to normal, but it could lead to an increase in cases in the short term. 

Some are estimating cases will increase until March. The spread may get worse as people travel more. On the bright side, if the most vulnerable get the vaccine first, which they are, we could be looking at a peak in deaths before the end of January.  

Specifically, the chart above shows TSA traveler throughput was 1.28 million on December 27th which is the highest since the pandemic started. The 7-day average is 43.2% of last year’s levels. Its recent peak is the highest since the pandemic started. It’s possible that's wrong about the increase in traveling being because people feel safer due to the vaccines. It could be that people really wanted to see their families over the holiday, so they didn’t care about the virus.

As of December 28th, more than 2.1 million people in America got a COVID-19 vaccine. There are 3 factors to consider. They are when the vaccines cause a peak in cases, when they cause a peak in deaths, and when most people feel safe. The latest COVID-19 data isn’t useful because many states didn’t publish information during the holidays. The only thing we know for sure is hospitalizations are increasing at a slower rate than a few weeks ago, but the 7-day average is still at a record high.

Stimulus Passes

President Trump initially spoke negatively about the stimulus, but then he signed it on Sunday night. There wasn’t a good reason to hold it up because 14 million people were about to lose their unemployment benefits. It’s notable that Rhode Island and New Jersey won’t have a gap in benefits and Michigan said there will be a temporary lapse ($300 boost will go out next week in Rhode Island). Before looking at the impact of the stimulus, let’s discuss the $2,000 stimulus.

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