The following chart from DB’s Jim Reid highlights the results from a recent client survey they conducted. With vaccines staring to rollout, interesting to see concerns surrounding vaccine effectiveness, side effects and logistics take top spots. However, one could wonder with the recent broadside of lawsuits against Facebook from the FCC and numerous State’s AGs might raise the 4th concern about Tech bubble bursting even higher. Especially if the perception of fragility around those names from elevated valuations combined with a potential lasting rotation form growth to value with the vaccine rollout meets the bubble-bursting pinprick of further lawsuits against other names such as Amazon and Alphabet (Google). Something to keep an eye on. Personally, #5 is my biggest concern. – OD
Omar’s Quick Take – Canadian Bank Stocks Under Pressure, Opportunity Once the Storm Passes
For anyone who may not have been paying attention, it may come as a shock to hear that Canadian bank stocks are collectively down more