Recovering from COVID

Provided by Nicholas Wealth Management

June 7, 2021

With COVID, there were some who believed that progress on this health issue was a necessary precondition to economic recovery. 

In recent weeks, we have seen some promising trends emerge on the health front. The CDC is reporting the provision of 295 million vaccinations; 51% of Americans have had at least one injection.¹

That confidence is starting to work its way into the economy as more people feel safer venturing out and making plans for the future.

Over Memorial Day weekend, one major hotel chain said that travel demand surged. The company notched a record-breaking number of bookings on Saturday over the holiday weekend. A North American movie theatre operator reported $100 million in ticket sales over the weekend, the best performance since the start of the pandemic. And a contemporary circus producer said ticket sales are double-digits higher than there were before the pandemic.^2,3,4 

Are you feeling more confident about your personal recovery? We’d welcome the chance to hear about any spontaneous plans you created over the holiday weekend. But if you still have reservations, we understand. The pandemic changes were far-reaching, and we expect people will recover at their own pace.

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CITATIONS:

1. The Wall Street Journal, June 4, 2021

2. The Wall Street Journal, June 4, 2021

3. The Wall Street Journal, June 4, 2021

4. The Wall Street Journal, June 2, 2021

5. CNBC, June 3, 2021

6. CNBC, June 3, 2021

7. CNBC, June 4, 2021

8. CNBC, June 4, 2021