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Private valuations go hand in hand with the rollout of the vaccine, and less so with the conceivable hike in taxes. Something like ~1,000 SMBs are going out of business daily. Many businesses who have had historically tight margins, who would be impacted most by increased taxes, have gone out of business or are soon to.
But, I think trying to guess/time markets is a fool's errand, I would read what anyone says as informed speculation.
However, looking at proposed legislation and spending (like tax hikes in NYC, increases in minimum wage, infrastructure spending, can have very specific effects on businesses like financial services, hospitality, and construction.