Unloved Assets Join Market Rally in Latest Sign of Optimism

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Investors are piling into global stocks, emerging markets and commodities, as a more-optimistic outlook on trade and growth fuels a renewed appetite for comparatively risky assets

By Ira Iosebashvili and Amrith Ramkumar Nov. 10, 2019 5:00 am ET Investors are piling into beaten-up assets from commodities to emerging-market stocks, powering a broad rally that reflects a brightening outlook for the global economy.

Coupled with a climb in U.S. shares that has pushed major indexes to fresh highs, the moves highlight investors’ sudden optimism after months of caution. Since the world’s two-largest economies agreed on initial steps toward a trade deal last month, emerging-market stocks and oil have each risen about 7%, followed closely by European shares. Oil and stock benchmarks for the U.S., Europe and emerging markets are on pace to all climb at least 10% in the same year for the first time since 2009.

Even within U.S. stocks, some investors are favoring so-called cyclical areas more tied to the economy that have become cheaper than fast-growing sectors like technology. The financial and industrial sectors have been the S&P 500’s best performers in the past month.

 

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Brokers calling clients very soon when “Trade talk optimism” goes away

This isnt true

China plays this out? The U S is wrong? Lol. China’s only play has been 2020. That’s now out. Now they’re trying to get to 2024. It’s too far. They’re in a panic.

why not report on why China closed flat on Thursday, was lower on Friday and is down 10% from its April highs? Chinese have not bet 1 penny on the trade deal. Maybe China knows how this plays out and the US is wrong? Will you at least explore this? Probably not.

Just the melt up we need before the crash

But beware, provided Trump is still in office.

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