A note from Citi on the positive coronavirus vaccine developmetns.
(via Reuters overnight ICYMI)
- “More than any fiscal spending package or central bank lending program, a healthcare solution to COVID has the greatest potential to restore economic activity to its full potential, lifting deeply-depressed ‘social-close’ industries”
- US stocks may lag any vaccine-driven rallies in Europe or Asia due to their heavy exposure to the technology sector, which has done well during lockdowns and social restrictions.
