One year from Pfizer vaccine news, some unlikely market outcomes – The Globe and Mail

Pfizer-BioNTech’s news on Nov.

Pfizer’s vaccine was seen bringing about a value revival, yet several waves of rotation from growth to value in the past year have proved short-lived.

The year saw global stocks add nearly $16 trillion in market capitalisation but much was down to tech, possibly as reopenings – and economic recovery – were stymied by COVID.

Sovereign bonds were among the biggest losers immediately after the vaccine news.

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