BofA: Sell the vaccine boom

Wednesday, 16 December 2020

Via BofA fundie survey:

Dec FMS: investor sentiment bullish as vaccine hopes induce strong“buy the reopening”trade;

bulls adding exposure in consumer, commodities, EM (60% say EMbest performer in’21);

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.