Vaccine Bursts Bubble of Concern Over Dot-Com Level Valuations
- Promising treatment prompts JPMorgan to raise profit forecast
- Looking past 2020 has been a winning strategy for investors
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Getting the stock market right in 2020 has required forgetting about almost everything that made 2020 a year to remember.
A deadly virus spreading unabated through the U.S. A historically brutal recession and plunge in profits. Widespread civil unrest. Political uncertainty that is still not entirely resolved. On top of it all, equity valuations that hadn’t been this rich since the dot-com bubble days.