MSN is reporting the following today:

Global shares rose and U.S. bond yields ticked higher on Monday after President Donald Trump signed a $2.3 trillion spending package and as investors continued to celebrate a last-minute trade deal clinched between Britain and the European Union.

By backing down from his earlier threat to block the bipartisan bill, Trump allowed millions of Americans to continue receiving unemployment benefits and averted a federal government shutdown.

“As the coronavirus pandemic has shown little sign of abating, the emergency aid was needed to avoid a sharp slowdown in the economy during the first quarter,” said Nobuhiko Kuramochi, market strategist at Mizuho Securities.

“It would have been unsettling if we hadn’t had it by the end of year,” he added.

…Germany’s export-oriented DAX surged to a fresh record high, reflecting relief over the Brexit deal, while the British market was closed for the Boxing Day holiday.

“We can finally move on from the Brexit drama,” said Win Thin, global head of currency strategy at Brown Brothers Harriman.

“After the last-minute deal was struck last week, the UK parliament will vote on the deal Wednesday. With (opposition party) Labour promising its support, it should pass handily,” he added.

Earlier Japan’s Nikkei advanced 0.7% and China stocks also rose, helped by strong industrial profit data. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.1%.

The rollouts of COVID-19 vaccines were also bolstering hopes of more economic normalisation next year, with Europe launching a mass vaccination drive on Sunday.

There is some downward pressure on the financial markets as a result of the new strain of the coronavirus. However, I wonder if we have reached the point of reliving ‘the boy who cried wolf.’ The coronavirus is serious, and it does represent a major health threat. However, it is time to replace fear with logical thinking–protect the vulnerable and let the rest of us go on with our lives.