From the Economist’s Chair: Irrational Exuberance

Events since early November have boosted equities, strengthened crude oil prices, placed a floor under the USD index and moderated some of the recent safe-haven demand for gold. But market optimism after the US Presidential election, and news of Covid-19 vaccine successes that quickly followed it, could prove short-lived if pandemic impacts worsen further during the northern hemisphere winter. Opec+ Ministers will surely be watching closely.   David Fyfe, Chief Economist for Argus Media, presents this latest podcast and blog post in the “From the Economist’s Chair” series.