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Reiterating Bullish View; Upgrading Financials & Energy

Despite the ongoing election controversies and COVID-19 cases still rising, November was a great month for equity markets. The S&P 500 rose over 10% and reached all-time highs. And importantly, there were positive developments on the vaccine front. This has shifted investors’ outlooks away from the current negative pandemic data to an optimistic future that will likely see the U.S. and Global economies start to reopen and begin the much-needed healing process.

While there remain a number of...

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