As I pointed out in 2020, in my outlook and beginning of this month, we know what are these vaccines but politicians are not in hurry to try, and more importantly, neither the heath staffs around the globe…
In the US, a survey released last month by the Kaiser Family Foundation health think-tank found that 29% of US healthcare workers would probably or definitely not get a vaccine…
In Italy, authorities are investigating 13 doctors accused of anti-vaccine propaganda or playing down the severity of the virus.
The wave of contamination in the US, the come back of clusters in China, the third wave of containments in Europe, the record of contamination in Japan, and the Capitole under assault didn’t disturb the markets. The Nasdaq is closing above 13’000 pts, a historical record high!!!!
But trust me, the temporality gap between the markets’ expectations and the reality is widening fast!!! This is just a question of time. Our allocation and thematic are doing well and we are still short Nasdaq. The Barbell approach is super efficient and our risk factors are not demonstrating any stress…
Biden is not a magician and even with the full Congress, a total lockdown of the USA is possible… The Virus is driving the economy and neither the politicians, neither the markets.
We have still some weeks to make money but stay Barbell.