we are going to talk with gina for them, -- tina fordham coming up next.is is bloomberg. ♪ romaine: welcome back to "what'd you miss," final program of 2020, and so we are focused on the big themes of 2020. a lot of people thought credit would be a loser. turned out to be a big winner for a lot of folks. joe: once again, not what people would've expected. march the mass selloff in dislocation. barclays high-yield index surging, but having come down quite a bit, narrow spreads, not a lot of premium there. joining us with more insight family management corporation chief investment officer. david, thank you for joining us. everything looks pretty expensive by conventional measures. stocks look expensive. credit spreads are kind of narrow. how are you thinking about identifying opportunities in 2021? on.hanks for having me i think the first thing is stay away from making the big mistakes. the big mistake next year is chasing highflying assets, chasing the hottest momentum plays. in a winter take most market the chances that the average investor is going to be

what to expect with tina fordham . andu.k. approved pfizer against covidne 19.t the troubles facing the european central bank and europe's economy. about asarkets are flat as you can get. we see some or mixed pictures in terms of subgroups moving on the s&p. positive or negative territory for much of the session today for the s&p 500. now slightly negative. we have been positive as well. the nasdaq is a weaker spot. in terms of what is moving higher today, it's energy. once again bright light as oil, west texas at least back above $45 per barrel. and in opec decision about production output and putting that off. sideways action. there is plenty of uncertainty that remains about what lies ahead, including the shape or the timing of any kind of fiscal stimulus package in the u.s.. that will have major implications for the economy. fromfordham is with us now avon hearst. many are wondering. this congress only has a few days left before it is gone. but hope to be have a package comes together? tina: i have seen a lot of optimism at the market. president-elect biden

coming up on this program, tina fordham, head of global political strategy, heading down to d.c. in just a moment. this is bloomberg surveillance. with the first word .ews, i'm ritika gupta one republican senator predict that president trump will get on board with the package for coronavirus relief. cassidy told fox news that mitch mcconnell will back it, to. he's a member of the group pushing the measure. president trump's lawyer rudy giuliani has tested positive for coronavirus and according to reports he has been hospitalized in washington. his son says he's getting great care and is feeling well. giuliani has been leading the efforts to overturn the results of the election. exports jumping in china since july of 2018, pushing their trade to a monthly record high, underlining how global demand for pandemic related goods is helping the chinese economy rebound. another potential blow to the new york city stature as home of the u.s. financial industry with goldman sachs considering plans to move their asset management unit to south florida. operating remotely during pandemic they