2021 began with a bang for our local stock market. In just five days alone, the Straits Times Index has moved up 5.2%. This optimism can be attributed to a host of brokerages reporting that we are on the cusp of a recovery. As various vaccines are rolled out across the world, we can look forward to better days ahead. And it’s already showing up in valuations as share prices reflect a more sanguine outlook. For blue-chip companies such as DBS Group Holdings Ltd (SGX: D05), its share price of S$27.42 has exceeded the price it traded at before the pandemic. Investors should note, however, that the recovery is likely to be uneven. Some sectors may see a quicker, stronger recovery while others may continue to languish. But with governments around the world standing ready to pump liquidity into their economies and keep interest rates low, the odds favour a sustained recovery this year....