The iShares China Large-Cap ETF FXI traded lower by another 1.7% on Friday as headlines about COVID-19 lockdowns in Beijing overshadowed China’s loosening of bank reserve requirements. What Happened? Large areas of Beijing were reportedly in a seven-day lockdown on Friday after the city reported more than 1,800 new COVID-19 […]
COVID19
A COVID-19 vaccine will cause a stock-industry rotation into these 7 sectors, Goldman Sachs monetary adviser states
© THIBAULT SAVARY/AFP by way of Getty Illustrations or photos THIBAULT SAVARY/AFP by using Getty Photographs Goldman Sachs’ Erin Riley claimed the announcement of a COVID-19 vaccine will result in a inventory-market rotation into sectors that have been “deeply frustrated” by the pandemic. The sectors are: transportation, athletics, inns, dining […]