"The "everything duration" goldilocks momentum trade—long secular growth vs short cyclical value—is likely going to see tectonic movement and at the very least, tactical unwind to play for this “economic reopening” forward view."
"We’ll be closely watching COVID-19 case numbers, which are rising again in the US and Europe, and announcements on a vaccine, which our biotechnology team expects later this month."
What if the Blue Wave outcome has only been delayed by two months until the two Georgia Senate run-offs on Jan 5th? If it happens, the Blue Wave/Divided government trades would reverse once again...