Overview

Macro Perspectives: Mon 30 Nov 2020

Last week started with a Vaccine announcement by Astrazeneca and Oxford University, whilst the Trump administration conceded some ground and started facilitating the Biden transition.

Coupled with the Thanksgiving seasonal effect, equities and Oil rallied, safe haven dollar broke down out of its range to near Sep lows, Gold collapsed but Bonds stayed in range.

Bitcoin hit $19,486 - very close to it’s all time high from 2017.

The MSCI World Index is up more than 14% this month - on course for its best ever month - primarily due to rotation out of tech and into cyclicals and non-US equities.