Investors are becoming more confident about the continuing economic recovery, ignoring fears that new spikes of the coronavirus pandemic throughout the continent might prompt a return to partial or total lockdowns.
Stock-market benchmarks finished mostly higher on Monday as investors monitored signs that a long-awaited rotation on Wall Street into more economically sensitive cyclical stocks could be brewing, but at the expense of their highflying counterparts.
Tensions between the U.S. and China have stepped up a notch but U.S. stocks are also on the up at the start of the week.
More stimulus would find its way into the stock market.
Rates are ultra-low, COVID-19 worst-case scenarios are ebbing, and a fiscal package is likely coming, this analyst argues.
The economist said he’s ‘extremely worried about a greater recession coming from it’
As COVID-19 disrupts schools and testing, ‘soft’ skills count more, writes Howard Gold.
