AboutTeamNewsContact
Pershing accessClient Login
January 20, 2021

USA Today: Kevin Philip Quoted in "Stocks notch record on hopes Biden will act on economy, COVID-19"

"Stocks notch record on hopes Biden will act on economy, COVID-19" by Jessica Menton, USA Today.

Stocks have been rising on enthusiasm about a coming economic recovery as more people are inoculated with COVID-19 vaccines and Washington gets set to try for another round of economic stimulus.

“The market is motivated by two primary influences: the success of vaccine distribution and the economic plan which Biden rolls out,” Kevin Philip, managing director at Bel Air Investment Advisors, a wealth adviser, said in a note. “The economic plan from the incoming administration, bolstered by Democratic control of Congress, is likely to be profoundly accommodative to economic growth and the stock market.”

Read the full article here.