We focused in on the travel and leisure stocks, but really, it’s about the return to normal. Yes, after we get a vaccine, we will most likely go back to our normal lives, and start catching up on travel and activities lost during the crisis.
What didn't get mentioned is the change in inflation from the demand shock this may cause. Remember that the market is a future looking machine, and has shown its hand this week. It’s all about a vaccine with a speed bump heading into the election.