Date: 10‑01‑2021
Source: The Wall Street Journal
Optimism about Covid‑19 vaccines and stimulus prolong the 2020 stock boom, fueling worries that hot parts of the market are overextended
Electric‑car maker Tesla is up 25% this year.
Investors are showing signs of increasing exuberance, reflecting optimism about a vaccine‑fueled global recovery and the changed economics of the post‑coronavirus world.
The Dow Jones Industrial Average rose 1.6% for the first week of 2021, marking its fourth‑straight weekly gain despite a mob storming the U.S. Capitol Wednesday and a decline in nonfarm payrolls reported Friday.
The advance, which took the 30‑stock index past 31000 in just 29 trading days, has been led by banks and energy firms. Bond yields have risen, taking the yield on the 10‑year U.S. Treasury note to 1.105%, the highest since March. Den Rest des Beitrags lesen »
NEW YORK – How does the current global economic outlook compare to that of a year ago? In 2017, the world economy was undergoing a synchronized expansion, with growth accelerating in both advanced economies and emerging markets. Moreover, despite stronger growth, inflation was tame – if not falling – even in economies like the United States, where goods and labor markets were tightening.