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Investors, and much of the world for that matter, continue to be faced with a predicament that is likely to last into 2021. Near-term, the virus continues to present headwinds to economic and earnings growth.

Investors have turned their sights back to the coronavirus, where a two-sided story developed further this past week.

It was a week full of drama. Yet, the biggest surprise was not the U.S. elections. Rather, the unexpected collapse in volatility in the days that followed that spurred a sharp global equity market rally.