Markets

Value and growth stocks can climb together in 2021 as investors split focus between vaccine rollouts and virus scarring, top Wall Street strategist says

Investor positioning can lift both growth and value stocks in 2021, Seema Shah, chief strategist at Principal Global Investors, said Wednesday. Distribution of a coronavirus vaccine “would be a total game-changer” in continuing the November value rotation, she said. Yet investors “will continue to gravitate toward the mega-caps” as their […]
Value and growth stocks can climb together in 2021 as investors split focus between vaccine rollouts and virus scarring, top Wall Street strategist says
Markets

Dow closes above 30,000 for the first time ever on Biden-transition rally

US equities jumped on Tuesday after the General Services Administration’s ascertainment of President-elect Joe Biden’s victory lifted investor sentiments. The Dow Jones industrial average climbed above 30,000 for the first time, marking a rapid comeback after the index sank as low as 18,213 in March. The GSA announced Monday afternoon […]
Dow closes above 30,000 for the first time ever on Biden-transition rally
Markets

Dow climbs 310 points as investors cheer transition to Biden administration

US equities gained on Tuesday as the General Services Administration’s ascertainment of a Biden victory lifted investor sentiments. The GSA announced Monday afternoon it will provide President-elect Biden with the “resources and services” needed to start his transition to the White House. The move is the clearest sign yet that […]
Dow climbs 310 points as investors cheer transition to Biden administration
Markets

‘Sell the vaccine’: Big-money investors are the most bullish they have been since January 2018 — and Bank of America says that’s a signal to get out

Investor bullishness surged to its highest point since January 2018 amid US election outcomes and encouraging vaccine progress, Bank of America strategists said Tuesday. Fund managers’ allocations to stocks hit a net 46% overweight in the November 6 to November 12 period, closing in on the 50% threshold that indicates […]
‘Sell the vaccine’: Big-money investors are the most bullish they have been since January 2018 — and Bank of America says that’s a signal to get out