Yeah, nice moves in oil/oil-stocks, etc.
The market is getting at least a temporary boost on Moderna saying a vaccine will be out early-2021 being 94% effective (or so they say). And if a vaccine was out, they believe the world returns more to normal which places more demand back on oil due to more people getting out of the house and back out in society/work, etc. Again, it’s just a thesis that the market has that plays out on certain days when there’s vaccine news.
But doesn’t negate that most of the market is grossly overvalued and that money continues to flow into our value stocks from institutions.