Oil Rises as Coronavirus Vaccines Distributed — Market Talk
December 15, 2020
Wall Street set to tick higher as stimulus hopes grow
December 16, 2020
Peter Cardillo in an exclusive conversation with ET Now, talks about vaccine development. Peter Cardillo states that it might take more than 3-4 months until the 1/3rd of the population in the UK and US are vaccinated. He further adds that more drugs will now be approved but it will take some time. However, the market is enthused about it, adds Cardillo.
Peter Cardillo also mentions that the vaccine rollout is accompanied by a stimulus proposal. A bipartisan bill was unveiled yesterday and progress was witnessed as well. There will be a traditional rally in the first quarter of the New Year. Watch to know more!
