It’s all about needles in arms It’s all about needles in arms http://www.federatedinvestors.com/static/images/fhi/fed-hermes-logo-amp.png http://www.federatedinvestors.com/daf\images\insights\video\chiavarone-video-march-2021-small.jpg April 7 2021 March 12 2021

It’s all about needles in arms

The faster we get vaccinations done, the faster we recover.

Published March 12 2021
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Video Transcript
00:04
Hi, I'm Steve Chiavarone, Portfolio Manager and Equity Strategist at Federated Hermes.
00:09
What are your expectations for vaccine distribution?
00:12
Vaccine distribution is a critical element in the economic recovery. The more and the faster we can get the country vaccinated, the more we can get back to normal or at least some version of normal. These are very very impressive vaccine somewhere in 90 to 95% effective range. And in studies that we've seen both out of the UK and Israel where you've had the highest percentage of the populations vaccinated thus far, your seeing significant declines not only in infections but most importantly in hospitalizations and death. So that's a critical element. From an absolute perspective the United States is leading the way in terms of vaccination. We've put more shots in peoples arms than any country in the nation. Even on a population adjusted basis we're somewhere around the second or third best of the developed world rather. And so, we're currently vaccinating somewhere between one and a half and two million vaccines per day. As of today, we've gotten about 19% of the population vaccinated. We expect that to accelerate as we get into the spring and summer hopefully being in a position where we have critical mass of vaccinations meaning at least 70% of the population has had one or two shots somewhere in the early to late summer over that period of time. And we think that is going to unleash again, pent up up demand and an improvement in economic activity over the course of the year. Its always frustrating when you can't wait but progress is occurring and we think likely to accelerate.
01:44
Disclosure: Views are as of 2/23/2021 and are subject to change based on market conditions and other factors. These views should not be construed as a recommendation for any specific security or sector. Federated Global Investment Management Corp. 21-30121 (3/21)
Tags Coronavirus . Markets/Economy .
DISCLOSURES

Views are as of the date above and are subject to change based on market conditions and other factors. These views should not be construed as a recommendation for any specific security or sector.

Federated Global Investment Management Corp.