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COVID-19 UPDATE: US cases still rising and hospitalizations surge, so wave 3 still strong. Cyclical rally is a glimpse of a post-COVID world

Click HERE to access the FSInsight COVID-19 Daily Chartbook.

STRATEGY: Cyclicals are gaining favor in marketsCyclical stocks rallied strongly yesterday, a reaction to multiple positives on the healthcare front:- Moderna vaccine candidate >94% effectiveness, exceeding that of the Pfizer drug- Good news on Olumiant (see comment yesterday)And yesterday's market reaction is a glimpse of how investors will be positioned, when the world is able to vanquish COVID-19.  At the moment, no country has a...

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