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A nurse prepares a dose of the Pfizer vaccine. Anthony Devlin/Getty ImagesGetty Images
The U. K., hard hit by a particularly contagious form of Covid-19, stands to be a particular beneficiary as vaccines are distributed.
Citigroup says the stock market there could offer better gains than investors can find elsewhere.
Investors expect billions of doses to be distributed worldwide in the coming year or so. That would eliminate the need for lockdowns and get people back to work. At the same time, central banks and governments around the world are pouring money into markets, ensuring that economies are ready to bounce back.