It’s been called ‘the year to forget’, but there is no denying that 2020 has been a memorable year. Markets hit new peaks in February, before the Covid-19 pandemic struck home and caused a spike in financial market volatility. Since then, with huge rescue packages in place and abundant liquidity, many markets recovered their nerve. Boosted further by the prospect of a reflationary new US president and an effective vaccine against Covid-19, new highs have been reached. This podcast is intended for professional investors, and must not be shared with a non-professional audience. This podcast is for information purposes only and is intended to broaden listeners' awareness of financial markets and no part of the materials should be construed to represent financial advice or an offer to buy, sell or otherwise participate in any investment activity or strategy. The content is based on information sources that are deemed reliable at the time of recording. Architas has no express or implied warranty, guarantee or statement as to the accuracy, suitability or completeness of the information provided. All rights are reserved. Without the prior consent of the copyright holder, no part of this podcast in any form or by any means is allowed to be published, copied or emailed or stored in an information system. These materials originate from Architas Limited ("Architas"). Architas is a company registered in England No. 02638607, registered office: 5 Old Broad Street, London, EC2N 1AD. These materials are not intended for audiences in the United States of America.