Q1 2021 Market Review
Our office is buzzing with activity again and it feels like pre-Covid. Restaurants are open, sports events and concerts with crowds are happening, and we are even sitting in traffic jams again… life in Israel is indeed returning to normal.
We are not out of the woods just yet, however with a virus reproduction rate of 0.49 in Israel it seems that the end is in sight. Unfortunately, we cannot say the same for the rest of the world. Globally, the reproduction rate is 1.08, which means the virus is still growing 6 months after the announcement of the first vaccine and with over 670 million doses administered. Even in the USA, where the vaccine roll out has been reasonably good for such a large population, the reproduction rate is above 1. This mean that virus issues will continue to plague the world for at least 6 months to a year or more.
Throughout the Corona period, we have hosted numerous webinars via Zoom and have found this to be a major positive consequence. We recently held a webinar focused on Q1 2021 and current investment issues and you may follow the link to view it. For those who prefer to read, we will summarize the main points of that webinar here for you.