Like the US Postal Service Motto… Neither snow, nor rain, nor COVID, nor China tension, nor riots in the streets will stop this equity rebound from continuing on (or something like that). Rotation is back in play once again, with Autos, Energy, and Transports leading, while FANG weakness has kept the NDQ a from making another leap toward a new ATH (for now). The narrative of the market ignoring the bad to focus on the good is becoming repetitive, but it seems two old-favorite acronyms are now back in style and being mentioned more and more as driving forces behind the market’s rise
The content on this site is available to all Redburn clients as part of Redburn Execution’s standard service. It is not considered substantive research and there are no commercial implications to viewing these pages.
Please enter your email address below to view this page. If you are still unable to access the page, please speak to your account manager.