Sadly, I think 2021 is starting to look like 2020 redux.
The logistical realities of getting the vaccines out is starting to hit home.
The variants are introducing another critical uncertainty. The UK govt just said the new variant most prevalent here might be 30% more lethal. Another variant shows some likelihood that it will evade the vaccine, at least to some extent.
Healthcare systems seem to be really straining under the load which is going to create real pressure to sustain tighter lockdowns.
Because I live abroad, I'm particularly attuned to global travel and the trend there is tightening not relaxing, further compounding problems for what had been a huge portion of the economy.
The above probably portends a slow return to office work. Our megacorp had already called the play that there would be no return to the office through June of 2021. I'm betting its through the EOY now. That simply crushes local businesses in the area and puts strain on the local tax system.
In that context a lot -- too much -- will depend on government largesse to sustain things economically.
If I would a trading type who took action on "buy the rumor, sell the news" it would be time to sell. The news is coming in and its not great.
The values in my accounts make me smile ... but mentally I'm just writing this all down 20% as I think its etheral.