Interesting. The market has not increased much since the announcement of the Moderna and Pfizer vaccines, so I’d have a hard time causally connecting the market to the vaccine announcement.
My feeling was that the original sell-off in February and early March was due to the fact that we were witnessing and unprecedented-in-our-lifetimes event, anything could happen. A more contagious form of the same virus will only trigger mass selloff if and only if investors believe that other investors believe that the news of the new strain is bad enough to trigger a panic selloff.
There are too many conflicting things going on for me to make confident claims about timelines and market moves, but I really do doubt the story that the market is up ~13% relative to January of this year simple because investors anticipate a quick return to normal.
Interesting. The market has not increased much since the announcement of the Moderna and Pfizer vaccines, so I’d have a hard time causally connecting the market to the vaccine announcement.
My feeling was that the original sell-off in February and early March was due to the fact that we were witnessing and unprecedented-in-our-lifetimes event, anything could happen. A more contagious form of the same virus will only trigger mass selloff if and only if investors believe that other investors believe that the news of the new strain is bad enough to trigger a panic selloff.
There are too many conflicting things going on for me to make confident claims about timelines and market moves, but I really do doubt the story that the market is up ~13% relative to January of this year simple because investors anticipate a quick return to normal.