A very interesting night in the US - a rally based on hopes for a vaccine and an abrupt end to the virus. Whether it is correct or not is not the point, the more interesting thing is to dissect the stock and sector performances overnight which make it very very clear what your game plan needs to be come a recovery rally. In the newsletter today we name all the sectors and stocks that will and won't perform in a virus free rally. Whether to play the rally or not, is a choice. We are. We're fully invested, with weightings to the recovery stocks and sectors and we will adjust that position on a daily basis depending on how this develops. There are times in the stock market where you have to think less, act fast and re-assess as it develops. This might be one of those moments.