, thereby benefitting various stocks as the threat of the Covid pandemic eases and businesses reopen partly due to the rapid vaccine rollout.... [+]
Luke Lloyd, investment strategist at Strategic Wealth Partners in Independence, Ohio, which manages $500 million in assets, says if a majority of the stimulus checks that people receive is spent rather than saved, this could boost cyclical companies in the travel, leisure and hospitality sectors, as well as consumer discretionary stocks like Amazon.
David Rosenberg, president of Rosenberg Research and Associates, an economic consulting firm based in Toronto, says the enhanced jobless benefits will likely go to pay for rent, which will benefit residential REITS.
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