In 2020 we saw decoupling of ground realities and stock markets. The reason is due to government monetary policies which were very accommodative and most countries responded with massive deficit spending to overcome the shocks to economy due to virus. We know that stock markets are forward looking which means investors have a great deal of optimism in future economy. In 2021 we can expect the interest rates to remain historically low and continued support from government in form of stimulus. With historically high cash balances and very low interest rates in bond markets – risk assets like stocks are still best haven to park money. There are two key factors in 2021 when it comes to US. First is the effectiveness of the vaccine for COVID-19 and further spread of the virus. Second prospect is the partisan control of US Senate. If both executive and legislative branches of US government are held by same party then markets can expect long pending reforms in infrastructure, immigration, e