As the vaccine rally loses momentum we discuss today what the next few months could look like even if there is a vaccine. It is clearly not going to be a clean economic recovery and I anticipate a daily debate on the trajectory of the recovery as we once again hang on every economic signpost to find out if it is going to to clean, fast, slow or messy. Messy looking likely. We have assumed the best this week, but the reality is that we still need a stimulus bill, containment, and there is a risk that once revealed, some of the balance sheet damage could just freeze up the credit markets again.  We also include a bit of stock commentary, the usual technical observations and a heads up to watch the stock tips coming out of the SOHN conference today.