November 2020, the strongest stock market in the history of the world!

category:Finance
 November 2020, the strongest stock market in the history of the world!


Maya Bhandari, fund manager at Columbia Threadneedle investments, said the US general election and the good news on the vaccine eliminated two major tail risks in the market and there seems to be room for growth in the future..

As for the core drivers, Fahad Kamal, chief market strategist at Kleinwort Hambros, said, Novembers market returns are all related to one key factor, which is vaccines..

After the news of Pfizer and Moderna vaccine came out, investors enthusiasm for buying assets revived. The emergence of an effective vaccine has raised the markets expectation that the new outbreak is coming to an end.

Boosted by optimistic expectations, a large amount of money poured into the market. Bank of America analysts said a record $89 billion of money flowed into equity funds over three weeks in November.

On the regional side, the European market has become the market focus. Kamal said European stock markets are expected to benefit from the cyclical plate rotation of the market due to the large number of undervalued cyclical stocks such as finance and energy.

Europes stoxx600 index surged 14% in November, but still down 6% from its pre outbreak level.

However, with the resurgence of the epidemic situation in Europe and the United States and the restart of restrictive measures, the optimism of the market has also weakened. With the increase of travel and family gatherings, the end of the year holiday may become the new super infectious event in Europe and America, and the epidemic situation in Europe and America may spread throughout the winter. According to the latest data, the number of new coronal cases reported in one day in the United States has exceeded 200000. More than two times the number of confirmed cases reported by the Health Institute in Washington, D.C., may be two times higher than the actual number of studies reported by the Health Institute. If the current situation continues, the number of new confirmed cases in the United States may exceed 450000 / day by the Christmas holiday in December. (for more wonderful financial information, click here to download the wall street news APP) source: Wall Street news editor: Guo Chenqi_ NBJ9931

However, with the resurgence of the epidemic situation in Europe and the United States and the restart of restrictive measures, the optimism of the market has also weakened. With the increase of travel and family gatherings, the end of the year holiday may become the new super infectious event in Europe and America, and the epidemic situation in Europe and America may spread throughout the winter.

According to the latest data, the number of new coronal cases reported in one day in the United States has exceeded 200000.

(for more wonderful financial information, click here to download the wall street news APP)