With stocks posting record returns in virtually all global markets, it will come as no surprise that according to Deutsche Bank’s Henry Allen, November was a great month for financial markets as 34 out of the 38 non-currency assets in the bank’s sample rose, which also means that 27 of them are now up on a YTD basis too. The major catalyst for this has been the incredibly positive vaccine news that’s come out in recent weeks, with 3 different candidates releasing results, and efficacy numbers at the upper end of expectations.
