Stimulus Checks Makes A Huge Difference
- The Money Trade
- Dec 22, 2020
- 1 min read
It's been hardship for thousands of small businesses across the United States. I'm sure small businesses in other countries are feeling the crunch of pandemic shutdowns as well. It's really a thin line on how government officials are handling the spread of Covid19, if they keep shutting things down people businesses will suffer. At the same time there has been a rise in Covid cases, so there are tough choices to make by officials.
The approval of the second stimulus package by congress is set in motion for President Trump to sign. There are people suffering so the money is coming for those in need, including small businesses. Unfortunately some businesses will not be able to stay open if they did receive a stimulus check. Plus, it's just in time for Christmas. Nike shutting down sent workers home right before Christmas is a travesty.
Stimulus checks help stimulate the market as consumers will run out to spend the money immediately in order to save their Christmas. Look for an uptick in stocks relevant to E-commerce. Don't forget business slow down after New Years.
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