The optimists have gained the upper hand on the stock market. A market-friendly US election outcome, encouraging vaccine news and ready central banks have significantly improved investor sentiment and led to a rotation from Covid-19 winners
(tech, gold, safe government bonds) to Covid-19 losers (value sectors, cyclical commodities). Equity funds have recently recorded the largest inflow ever measured over two weeks with more than USD 70 billion. The market seems to be looking
through the current expected growth dip and focusing on the synchronous economic recovery next year. USD 4.3 trillion…
Read more