Cognac at $4,000 Bumps Up Against Luxury Shoppers New Limits bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
The second year of the coronavirus pandemic offered defined benefit pension plan sponsors a reprieve from the chaos sown in financial markets during its first year. “A lot of pension plans ended up roughly where they started in 2020, but it was a very bumpy road,” says Gavin Benjamin, a retirement and financial solutions partner […]
by Tyler Durden
By Michael Msika and Albertina Torsoli, Bloomberg commentators and reporters,
Since equity markets hit their pandemic lows in March 2020, all talk has been of recovery. And with bond yields on the rise, cyclical stocks have left defensives toiling in their wake, a theme that continues to play out. The latter’s underperformance has been particularly marked among consumer staples, and for investors seeking quality names, that may present opportunity.
According to Bernstein analyst Bruno Monteyne,
the rotation away from staples provides “good entry points” to names such as cosmetics leader L’Oreal and chocolatier Lindt & Spruengli. It’s also a “great moment” to buy into the Swiss food giant Nestle, he says.
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