JKD - Short And Sharp: A Healthy Dose Of Scepticism

• With the advent of a series of successful vaccines, global markets can almost afford to be oblivious to virus headlines and instead focus on the medium term when economies have reopened. But, against this backdrop, a big question for investors must be: how quickly can populations be vaccinated?
• With the Q1 downturn likely to be deeper, the global economy clearly needs continued policy support. Without it, just the prospects for a vaccine alone will not be enough to carry markets through the next few months.
• Re-opening economies will be a gradual process and countries will move at different speeds, inevitably influenced by the emergence of new variants and greater understanding of the vaccines.

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