Bet on cyclical stocks if Washington reaches a stimulus deal, says Fundstrat’s Tom Lee

  • 📰 CNBC
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 72%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

For subscribers: Bet on cyclical stocks if Washington reaches a stimulus deal, says Fundstrat’s Tom Lee. Check out CNBCPro today.

The U.S. Capitol stands in Washington, D.C., U.S. on Thursday, Oct. 1, 2020. Talks Thursday between Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin brought no immediate breakthrough on a deal for a new pandemic relief package, while the House prepared to vote on a Democrat-only plan.

"The groups that will benefit from that stimulus are going to be economically sensitive, so I think you really want to be cyclically tilted if we do get stimulus."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Pro No fucking duh

Pro What is cyclical? FED has destroyed the economic cycles.

Canada Canada Latest News, Canada Canada Headlines