Stocks rise after positive news on a Covid-19 treatment — what to watch now

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Stocks rise after positive news on a Covid-19 treatment — what to watch now
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Stocks rise after positive news on a Covid-19 treatment — what to watch now (via TradingNation)

Savita Subramanian, head of equity and ESG strategy at BofA Securities, says investors are both positive and hedging their bets.

"Whether the market is pricing in a strong recovery or whether it's pricing in a second wave, our work suggests that valuations of stay-at-home beneficiaries are kind of in line with valuations of the cyclical come-back-to-work beneficiaries, so I think that the market is pricing in kind of a 50/50-ish probability of a real second-wave risk at this point. But it's interesting to see that what's driving the market higher ...

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CNBC /  🏆 12. in CH
 

TradingNation Of course, the same narrative the last 3 or 4 months.

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