My wife who is in the highly vulnerable category in regards to COVID had it confirmed by her doctor yesterday that she will get a vaccine (probably Pfizer) after Christmas.
It's great news and great that the rollout really is happening. The optimism is palpable and nowhere is this more true than in the markets.
Even I'm Bullish for 2021 and I'm about as cynical as it gets.
It is worth noting however that markets are 'priced to perfection' meaning they've already priced in the assumption that everything will go smoothly and without interruption.
It is worth noting however that markets are 'priced to perfection' meaning they've already priced in the assumption that everything will go smoothly and without interruption.
There may well be further hiccups along the way, and any bad news (or realisation as to how bad a state the economy is in) could be an ugly end to this market rally.
In short: stay diversified/be in it for the long term.