Tactical Process News Today

Cyclical Sectors Responded Well to Vaccines, Stimulus, and Pent-up Demand A little over twelve months ago, investors were looking for signs that the bull market and multi-year economic expansion were coming to an end. The onset of COVID-19 put an end to both, but now investors are focused on a new expansion and a new bull market with different dynamics. As we have navigated back and forth between optimism and pessimism, we have also seen leadership changes across asset classes and investment st...

The year finished strong as investors look ahead to a 2021 recovery. Previously lagging sectors, such as Energy and Financials, were the best performers, we believe, due to growing expectations for a full re-opening of the economy. As the rotation towards recovery plays continues, we have increased our exposure to economically sensitive areas such as emerging markets. The Road to Recovery is Paved with Government Spending and Vaccine Approvals Finished the year strong: At the beginning of the f...