With the ASX tipped to outperform in 2021, shares in this sector could rocket

Global share markets are entering the final days of 2020 in a tug of war between the same 2 prevailing forces that have dominated share prices since February.

COVID-19, now responsible for more than 1.7 million deaths around the globe, continues to roil investors.

Shares largely surged on the back of multiple successful vaccine approvals in recent weeks. But the new, more transmissible variant of the virus coming out of the United Kingdom is raising fresh uncertainties.

Manufacturers are broadly expressing confidence that their vaccines should prove effective against the new mutation. But it will be several weeks before clinical trials can confirm that.

On the other side of this tug of war, pulling share prices higher, are the…