What the Vaccine News Means for Markets
What’s in Today’s Report:
- Vaccine Playbook (Specific Sectors and ETFs)
- What the Vaccine Means for Markets
- Why Stocks Have Rallied (Four Reasons – Not Just the Election and Vaccine)
- Weekly Market Preview: How High Can Stocks Go?
- Weekly Economic Cheat Sheet: Jobless Claims the Key Number on Thursday
Futures have exploded to new all-time highs on positive vaccine results from Pfizer, combined with election uncertainty.
Pfizer just released results stating its COVID-19 vaccine is more than 90% effective in preventing COVID-19 infection among people who had not been previously infected. That 90% is much higher than was expected.
Election clarity had stocks higher pre-vaccine news as Biden was projected to win the Presidency.
Today it’s all about momentum and as stocks should surge led by value, cyclicals and the “Get out and spend” sectors.
