The Big Spend
The pandemic is OVER.
(At least in most Americans’ minds, it is.)
Can you blame us?
But as of today, over half of the eligible U.S. population has received at least one vaccine dose.
In fact, according to the latest estimates, we should reach herd immunity within the next two to three months!
So what comes after COVID?
What I call the “Big Spend.”
Put simply, it will be the biggest economic boom that you’ve ever seen.
After all, people have been locked up at home for over a year and they’re flush with cash and ready to party.
And when they spend all those savings, it’s going to send stocks soaring.
Here’s why I’m so confident…
Take a look at this chart.
Households have saved up during the pandemic in unprecedented levels.
That saving rate over the past year has led to an extra $1.7 trillion being saved up by Americans.
So when you have an enormous amount of pent-up tension from not being able to live life normally…
And you add to that over a trillion dollars in extra cash saved up by American households…
What do you think is going to happen with all of that cash?
It’s silly to ask, but there are still many financial gurus out there that are predicting a financial crash unlike anyone has ever seen.
Interest rates, inflation and government spending are constantly on their minds.
Yet they fail to see the big picture of what’s happening right now.
They focus five, 10, 20 years down the line, and if the economy finally does go into a recession, they’ll say “I told you so” despite the 10-year bullish market run that happened in the meantime.
I’m here to tell you now that there will not be a “big crash.”
Rather, I’m calling this “The Big Spend” — a time in U.S. history unlike any other where the American public is going to pour its savings back into the economy and the markets will shoot up.
They’ll be buying houses and cars, going on vacations, hosting lavish parties and doing things that they took for granted pre-pandemic.
There’s positivity abounding here, and it’s an amazing time to be an investor alongside it.
As always, feel free to reach out to me anytime with your thoughts on the matter at AskRay@SevenFigurePublishing.com. Last week, I really enjoyed reading your thoughts on the growing EV markets. Today, I want to hear from you on what your plans are for 2021.
What are you planning on doing post-pandemic? House renovating or any big trips planned? Let me know!
To a bright future,