Expect a Lot Volatility Into Year End, Aviva's Schmidt Says

The transcript discusses the current market sentiment, highlighting investor reactions to positive news and the distinction between value and growth trades. It notes the strong performance of the Dow and S&P indices compared to the NASDAQ, and questions the sustainability of the rotation trade. The discussion also touches on market volatility, uncertainties like the transition of power, and rising COVID-19 cases. The potential impact of a vaccine with 90% efficacy is considered a positive factor, providing comfort to the market despite ongoing challenges.

What is the significance of the vaccine mentioned by the speaker?

What does the speaker predict about market volatility towards the year-end?