Vaccine Trade Bandwagon Jumpers Should Be Wary Of Calling Top On Tech Bubble

Vaccine Trade Bandwagon Jumpers Should Be Wary Of Calling Top On Tech Bubble

As the encouraging vaccine news piles up, one imagines the calls for a sustainable rotation in equities will get louder. November has been defined by bouts of extreme dispersion, with tech outperforming handily following the election (as investors assumed divided government materially reduces the odds of a capital gains tax hike, re-regulation, and higher yields) only for secular growth/momentum favorites to suffer their largest one-day crash in history just a few sessions later when Pfizer rel
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