Biden’s administration main focus are on fighting the pandemic, restoring balance to society and environment. This probably will have more or less little impact on STI in the immediate future. However, Biden’s style of governance will also lead to global stability that will promote economic recovery in the coming year. Moving forward, countries will progressively announce measures to vaccinate more of their citizens and also announce their plans and budget for the coming year. If employment numbers continue to improve and new number of infections start to go down, I am sure the STI’s main cyclical counters will start to climb aggressively. As for the aviation and tourism industry, vaccination efforts and their liquidity continues to be the main concern for the sectors recovery. Although the current consensus from government and analysts is that the sector will take around 1 to 1.5 years to fully recover....