Market Outlook: JBWere’s Tony Glucina and Philip Borkin on the week ahead.
Global markets are going through one of the most powerful rotations since the Global Financial Crisis as investors jump on the sugar rush phase of economic recovery fuelled by vaccine rollouts and improved optimism.
Global cyclical stocks – those more sensitive to how well underlying economies are doing – in the financial, hospitality, industrial and energy sectors have been rising over the last few months as economies begin to reopen, JBWere senior investment strategist Phil Borkin said.
But this was not all just about Covid-19 vaccine programmes beginning, he said, with fiscal stimulus packages around the world helping those companies which