Russell Bursting With Money-Losing Zombies After Today s Rebalance
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Investors brace for annual Russell index rebalancing with pandemic imprint
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Synopsis
Regardless of the Georgia runoff and whoever wins, we will get cyclicals and value making a comeback as the economy should grow above 5% in 2021, says Steve DeSanctis.
ETMarkets.com
GDP for 2021 is going to be quite strong for the US. There will probably be a move with the financials as well, says
Jefferies.
The outcome of the Georgia runoff elections in the US will be a critical one because if the Democrat candidates win that will have substantial implications for the markets going forward?
The Georgia runoff is going to be particularly interesting. It really sets the tone for the start of the year. If you get the Democrats, then there will be a blue wave and we are going to get a pretty sharp cyclical rally. The interest rates will pop a little bit in the US on the fact that there is going to be additional stimulus in may be infrastructure and more money in consumer pockets. So GDP for 2021 is going to be quite strong for the US. There will probably be a move with t