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Biden's 'botched' Afghan policy will impact political capital, financial adviser says

Biden's 'botched' Afghan policy will impact political capital, financial adviser says
foxbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foxbusiness.com Daily Mail and Mail on Sunday newspapers.

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Navigating the Recovery Trade Is Getting a Whole Lot Trickier


Navigating the Recovery Trade Is Getting a Whole Lot Trickier
Bloomberg
10 hrs ago
(Bloomberg) The easy part of the recovery trade may be over.
Global markets look to have reached a turning point in their rebound from pandemic lows. In previous phases there was an unusual cohesion of views around havens like gold and the stay-at-home trade, followed by bets on a value rotation and steepening yield curve. What comes next is much less clear.
Take the debate between value and growth. Societe Generale SA and JPMorgan Chase & Co. say value shares will keep outperforming at this stage of the market cycle. Prudential Financial Inc. and AlphaOmega Advisors LLC say the sector is due for a pullback. There is just as much as divergence over the fate of the dollar, and on the next move in Treasuries. ....

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