August Market Preview: Earnings Season, More Stimulus, Unemployment Are in Play | Personal Finance

Penn National Gaming on August 6. The company’s casinos dealt with closures, and that will show up in the earnings.

Zillow will give us a look at real estate on August 6.

Toyota on August 7. This has been a good year for car sales. It will be interesting to see what Toyota management provides in terms of commentary on expectations moving forward.

COVID-19 Vaccine Developments

Of course, the other major piece to continue to watch in August, is the progress made on the COVID-19 front. Case counts continue to rise, making it hard to predict what kind of measures will be taken going into the fall. Will states like Florida, which is seeing record deaths, shutter businesses again?

If states are forced to reimplement more restrictions on certain activities, that is going to hinder the economic rebound that we’ve all been hoping to see.

2020 certainly hasn’t been boring. With the combination of earnings, stimulus debate, COVID-19, and the nearing election, August could be just as volatile.

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