Iuri Struta is an International Finance graduate who has been active in financial markets for more than five years as an analyst and writer. His area of expertise include macroeconomic trends, currencies, event-driven investing and shareholder activism. He is a regular contributor to Seeking Alpha under the pseudonym YD Research.
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The broad market has extended a rally after pharmaceutical company Pfizer and BioNTech announced a substantial breakthrough in the creation of a coronavirus vaccine.
The broad market has recovered strongly over the past two weeks, despite worries that a second wave of the coronavirus pandemic will kill the economic recovery.
U.S. equities have continued to post gains across the board, while short-term Treasuries were among the worst performers.
Global markets were largely down these past two weeks, with small-caps, high-yield bonds and energy shares among the least-liked assets.
U.S. markets traded sideways these past two weeks, posting flat gains, while Latin America and the real estate sector were on a tear.
Investment-grade bonds and the healthcare sector were among the top performers these past two weeks.
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