Pro warns against travel stocks: This ‘perfect scenario’ needs to happen first

Investors assuming that a vaccine against the novel coronavirus would instantly fix the travel industry and lift travel-related stocks are mistaken, according to one pro. Long road ahead Thursday’s Thanksgiving holiday is synonymous with travel but the COVID-19 pandemic has severely impacted a lot of people’s plans to visit friends and family. Data from travel website Expedia shows 60% of U.S. consumers are not traveling for Thanksgiving, according to CNBC. On average, those who are traveling are cutting their average distance from 450 miles away from home last year to 250 miles away from home this year. If anything, this