Every year around this time, we were discussing the result of online sales by major players in the sector, namely Black Friday and Cyber Monday, which used to be a barometer for retail prospects in the sector’s most profitable time, the Christmas period. With the pandemic of COVID-19, not only did the lives of all of us change, but also the most important themes and catalysts in the market were adapted, and for now more relevant than knowing how the online retail component was, which was expected to be very good due to the greater use of online shopping, are the news that may indicate a return to normal as soon as possible.
That is why the two news about vaccines under development by Pfizer and Moderna, which have high success rates, have conditioned Wall Street this past week, giving the market the momentum that the most “lagging” sectors in the Bull. Lacked market since the March lows, managed to recover part of the lost ground, also giving the Dow Jones new historical highs. However, because in the coming days there is no expectation of greater visibility as to the resolution of the impasse in the results of the American elections and mainly in the theme of the transition from Trump to Biden, sentiment should remain conditioned and without much room for the traditional Christmas rally. Unless visibility improves, both in the political field and in vaccines, because the latter for now is just a promise.
