COVID-19 Re-Opening

How the pandemic drove massive stock market gains, and what happens next

from CNBC,
  • The spread of Covid-19 crushed the stock market when it became clear it would cause a rapid and historic drop in economic output.
  • As the economy bounced back, the recovery was choppy, millions remain unemployed and yet the stock market has surged to record highs.
  • The market’s rapid gains are based on optimism vaccines will help return the world to normal in the new year, and businesses will do well as a result.
  • But strategists say the market valuations have become distorted and are likely to see a pullback in early 2021 though stocks should end the year higher.
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