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Share The market responded resoundingly to last night's Pfizer vaccine announcement with a massive rotation out of growth stocks to the value names.
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The market responded resoundingly to last night's Pfizer vaccine announcement with a massive rotation out of growth stocks to the value names.
It really was a tale of two markets as energy, financials and industrials surged, while the sectors that sustained the market during the pandemic - gold, tech, consumer staples, consumer discretionary - dropped like a Republican's bottom lip. Unibail-Rodamco-Westfield jumped 44% after investors voted down a $5.7 billion cap raise to pay down debt. Our top three VODs today are:
The market can only go up from here... as long as the vaccine works
Wilsons: Aussie banks, EM are good "recovery plays"
The long end of the yield curve spells trouble for growth chasers
Hosted on Acast. See acast.com/privacy for more information.
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By ausbizIt really was a tale of two markets as energy, financials and industrials surged, while the sectors that sustained the market during the pandemic - gold, tech, consumer staples, consumer discretionary - dropped like a Republican's bottom lip. Unibail-Rodamco-Westfield jumped 44% after investors voted down a $5.7 billion cap raise to pay down debt. Our top three VODs today are:
The market can only go up from here... as long as the vaccine works
Wilsons: Aussie banks, EM are good "recovery plays"
The long end of the yield curve spells trouble for growth chasers
Hosted on Acast. See acast.com/privacy for more information.
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