5 Themes That Are Significantly Outperforming The Market So Far In 2021
Growth and tech leadership has given way to a rotation into previously beaten down cyclical sectors.
Author:
Mar 15, 2021
While there has been some choppiness along the way, the equity markets are mostly picking up right where they left off in 2020 - posting additional gains and setting new all-time highs.
The composition of the rally, however, looks quite a bit different. Last year was dominated mostly by large-cap tech and growth stocks. This year, economic recovery plays are leading the markets higher.
The big narrative is still the global economic recovery. To date, most every piece of data suggests that a slow, steady rebound is taking place. Jobs data is still a little weak and there are markets around the world that are still lagging in their recovery efforts, but at a 30,000 foot view, things are progressing nicely.