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Stocks barely budged on Wall Street, ending Friday mixed. The Great Rotation advanced as investors bet on an economic recovery. They sold tech shares that have rallied throughout the health crisis like Facebook and Netflix and bought Deere, Caterpillar and other economically sensitive cyclical stocks.
Mercadien Asset Management president Ken Kamen says investors should take some profit on tech stocks and invest more in value and cyclical stocks. It s not that we ve we are abandoning growth or suggesting people shouldn t but I think it s time to pare that. I mean the markets just doing so well and a lot of these growth stocks are priced for more than perfection.
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Welcome To IANS Live - BUSINESS - Want to see pvt sector unleash its animal spirits: Sitharaman
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Govt, opposition trade blames over economic woes, rising prices
Top Story
February 20, 2021
ISLAMABAD: The blame game between the government and the opposition over economic woes, rising inflation and price hike continued in the National Assembly Friday as the opposition accused the government of being incapable of controlling prices while the government blamed the PPP and PML-N governments for the worst economic situation.
The opposition also protested giving the floor to the minister for power before them during a discussion on the price hike in the country. The opposition members accused the government of worsening economic conditions and price hike while Minister for Power Omar Ayub Khan accused the PPP and PML for the worsening economy of the country. The opposition at the outset of the proceedings also protested for not tabling the Presidential Ordinance on open ballot in the Senate and other ordinance related to amendments to the NAB Ordinance and termed it violation of