The vaccine news comes as coronavirus cases in the U.S. increase.Alli McCartney, managing director of UBS Private Wealth Management, sees a "perfect backdrop" for markets.
"The three segments of the population that are general buyers and investors in this market – it's the old retail investor, which is sort of predictable; the new retail investor, which is not, ... and then it's the institutional investor. Institutions have largely ... had really good years, and they don't want to take a lot of near-term volatility, even with a lot of the good news that we're seeing, so our sense is that there's still a lot of underinvestment ...
Ernesto Ramos, managing director and head of equities at BMO Global Asset Management, expects promising earnings growth. "I call it vaccine Mondays now, because two Mondays in a row we get vaccine news, and it drives the cyclicals forward. But if you look at the economy, we're poised for pretty strong growth in 2021 relative to 2020. And also, especially important, ... earnings growth in theis expected to be by the consensus estimates about 30% in 2021 after having dipped 18% in 2020.
The gap between markets and real economy keep widening due to Covid-19 news
Here’s a stupid question, do multiple vaccines speed up the return to normality or is the bottleneck with the glass vials and freezers going to slow down the rollout regardless of how many we have?
The US stocks are having a party 🥳 right now.