It’s Thanksgiving today in the US and markets have been cautious ahead of the holidays.

New positivity with the Dow breaking 30,000 for the first time, due in part to hopes for; a vaccine and a peaceful transition for the Biden administration.

Astra Zeneca announced the results of their trials, with efficacy up to 90 percent with a drug that is cheaper to produce and easier to distribute.

NAB has revised its forecasts for growth in the Australia economy.

The markets are more focused on the short-term economic hit of lockdowns than the longer-term vaccine fuelled positive outlook.

Markets continue to be torn between the good news and the bad news.

There was no new vaccine news overnight and the markets seemed a little disappointed by that, with equities down and a move to government bonds.

Q3 bounce; but COVID-19 risks remain

Markets have been lifted higher on further vaccine news, with Moderna saying their trials have shown 94.5 percent effectiveness.