A softer start is looming as we grind toward the end of what’s been a whipsaw Christmas trading week thus far.
The year has been rocky at times for growth names as investors have adjusted to the idea of higher U.S. interest rates, increasing the popularity of the defensive stock camp. Navellier now sees much of the risk “wrung out” of markets, and the year-end as a great time to buy, with most year-end tax selling now exhausted. As for growth and dividend stocks, he laid out four reasons for optimism:
South African medical experts say recent drops in COVID-19 cases may mean the omicron-driven wave may have passed. Meanwhile, risks of catching the virus while flying are two to three times higher, Dr. David Powell, medical adviser to the International Air Transport Association, warned in an interview. Israel is close to offering a fourth COVID-19 vaccine dose for over-60s, making it the first country to so.
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