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Bad COVID news appears to outweigh the good for investors

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A sign alerts travels to the closure of Terminal 3 at Heathrow Airport in west London on Dec. 21, 2020, as a string of countries around the world banned travelers arriving from the U.K., due to the rapid spread of a new, more-infectious coronavirus strain.

A sign alerts travels to the closure of Terminal 3 at Heathrow Airport in west London on Dec. 21, 2020, as a string of countries around the world banned travelers arriving from the U.K., due to the rapid spread of a new, more-infectious coronavirus strain. Niklas Halle'n/AFP via Getty Images

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COVID-19

What's included in Congress' $900 billion COVID relief bill?

by David Brancaccio , Nancy Marshall-Genzer , Nova Safo , Rose Conlon , Meredith Garretson , Erika Soderstrom and Alex Schroeder Dec 21, 2020
The headline items are $600 checks to individuals and an additional $300 per week in unemployment benefits for many.

The near-term coronavirus reality is looking quite challenging

That's according to Julia Coronado, president and co-founder of MacroPolicy Perspectives. "We have a saying in markets called 'buy the rumor, sell the fact.' We've been focused on stimulus for weeks and months. Now that we have it, well, actually, it's not as big as we had expected a few months ago." Combine that with increasing infection rates, a new, more infectious mutation of the virus in the U.K. and other lockdown news, and you see that there's no sure bet on the immediate future. Getting to brighter future of widespread vaccination "still brings a lot of bumps along the road, potentially," Coronado said.

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