Stock market turns on a dime, but vaccine boost could be premature

Conversely, the group of stocks deemed COVID resistant or even pandemic-enhanced were dumped. Thus it was a rare moment of joy for long suffering value investors whose investment philosophy has been sorely tested by the pandemic.

But there are at least 10 potential vaccines in advanced stages of feasibility so the market’s punt that at least one will yield an appropriate outcome is reasonable if not a bit premature. If we are only six months away from an effective COVID vaccine the enthusiasm is understandable but probably a little overdone.

At the other extreme of the ASX performance tables sit the growth stocks that largely sit within the technology space. Broadly, many of these new world companies facilitate virtual social and commercial interaction. In Australia these are dominated by online retailers, digital payment players and virtual gaming companies, software manufacturers, etc.While shares in these companies were trashed on Tuesday, their yearly performance has been staggering.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How 22-year-old made $17k from $500 on stock marketIt started with watching investment videos on YouTube and some encouragement from his mum, but Aidan Jom-Muang Laird turned $500 into $17,000 in just five months. Young gun? He's just followed a massive pump 😂 we wish we had $500 to risk on stocks, but, hey, yay for him 🙄 I guarantee it’ll all be taken away plus more. Can’t be the dealer at a casino.
Source: newscomauHQ - 🏆 9. / 77 Read more »

Bumble to be worth billions when listed on US stock marketIt has 42 million users a month, including over a million that pay for premium features, and now people have a chance to grab a slice of the company. Cater to the hypergamic natures of women and it will always be worth millions.
Source: newscomauHQ - 🏆 9. / 77 Read more »