Investors bet vaccine sparks revival in beaten down stocks

Investors expecting an imminent COVID-19 vaccine are beginning to buy bank stocks and industrials in anticipation of a roaring return in consumer confidence, though many remain wary of risks in sectors ravaged by the pandemic. As the market hype around the U.S. election ebbs, investors are now preparing for good vaccine news, which they believe is a matter of when, not if. “It’s going to be absolutely massive,” said Stuart Oakley, head of cash currency trading at Nomura in London. …read more

Source:: Yahoo Finance


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