Looks like somebody is long vaccines and the exit remains very tight still. BionTech continues collapsing. The question is if big brother follows a similar path with a lag?
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...but there is much more room to continue buying this market. Why not the January effect, people that missed 2020 need to show they can deploy risk, things start breaking up again, CTAs chase even more momentum, people puke vols post Georgia, vol targeting funds get back in the game and then a great set up for a correction so many have been waiting for.