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CATALYST-19

September 28, 2020

COVID-19 is many things – disruptive, deadly, widespread, and more. But it’s also a hyperactive catalyst that’s accelerating existing trends at warp speed.

 

See, several slow-moving sea changes were already underway. But in this pandemic, they wound up picking up the pace. Here are four trends sprinting forward.

 

Teleconferencing

 

Remote work and video conferencing were already happening, but not without friction, as many firms considered full-time remote work a pipe dream. But since the pandemic, remote work is prevalent, and productivity is up. Physical office work will return – Amazon is betting on it – but not like before.

 

E-commerce

 

The clash between e-commerce and brick-and-mortar establishments was well underway before COVID-19, with e-commerce gaining on store sales slowly over the years. But the pandemic has ushered in an e-commerce explosion. Winners may have picked up a decade of gains in just a few months.

 

Dangerous Inequality

 

It seems COVID-19 has starkly widened the gap between the “haves” and the “have nots” in the U.S. This spans income, education, housing and more. In monetary terms, the Federal Reserve’s emergency responses have kept markets well supported, enriching shareholders (who tend to be affluent). But unless more makes its way to less affluent individuals, the homeless population could increase.

 

Doubtful Dollar

 

Our currency is in trouble. The outlook for gold, silver, and even Bitcoin, is so bullish, while the dollar’s future is full of doubt. Even before COVID-19, signs surfaced the currency regime that started with Nixon’s shutting the gold window in 1971 was coming to the end of its useful life after multiple decades of long-term debt.

 

In each of these areas we should see a lot more movement. And we’ll likely see changes in many other aspects of our lives. This may just be getting started.

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This material has been prepared for informational and educational purposes only. It is not intended to provide, and should not be relied upon for, accounting, legal, tax or investment advice. Please consult with a professional specializing in these areas regarding the applicability of this information to your situation.

Andrew Wood, Dan Simon and Alison Slezak are Investment Advisor Representatives. Advisory services are offered through CoreCap Advisors, LLC., a Registered Investment Advisor. CoreCap Advisors, LLC and Daniel A. White & Associates, LLC are separate & unaffiliated entities. 

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