Sport Europe's cyclical stocks will catch up with defensives in 2020: Chart
The Third Coronavirus Surge Has Arrived
This week’s COVID-19 cases and hospitalizations make clear that the U.S. is once again sinking deeper into the pandemic.Since last Wednesday, states reported 4,796 COVID-19 deaths, an increase of about 3 percent over the previous week. Since the start of the pandemic we have typically seen reported deaths lag behind reported cases by three to four weeks, although reporting delays seem to have worsened in some states, including Florida and Texas.
(Bloomberg) - European cyclical stocks will no longer lag behind their defensive counterparts in 2020. Stocks, which have been classified as cyclically sensitive, have regained momentum in recent weeks on rising bets that the Democrats will take over the White House and Congress in next month's election. Such a clear election victory would favor European cyclicals, strategists at Goldman Sachs Group Inc. said this month.
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European Cyclical Shares Catch Up With Defensives in 2020: Chart
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