A COVID recovery?

Mid-week market update: The market has taken on a risk-on tone as news of a promising Moderna vaccine trial hit the tape. While the relative performance of healthcare stocks haven't done much for several weeks, they did catch a recent bid.

As well, cyclical stocks have also perked up as they responded to the hopes of a post-pandemic world.

Is this the start of a COVID recovery? I analyze the issues surrounding vaccine development and provide a framework for evaluation.

The full post can be found here.