Goldman says focus set to return to vaccine

Thematic play: News of an early vaccine could lead to ‘meaningful’ upside from current market levels, according to the strategists. — Reuters

NEW YORK: Financial markets appear to have moved a long way toward pricing in the US election outcome and may shift focus back to vaccine progress and the broader growth outlook, according to Goldman Sachs Group Inc.

The “likely delivery of vaccine news in the next few weeks may be the next key event risk, ” strategists Dominic Wilson and Vickie Chang wrote in a note Sunday.