Widespread rallies across the major asset classes in recent history have left few opportunities for bargains in the waning days of 2020. The main exception: energy and certain slices of the commodities markets. Otherwise, the catch from deep-value fishing is light, based on 140-plus exchange-traded funds covering stocks, bonds, property shares and commodities on a global basis.
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Daily Archives: December 22, 2020
Macro Briefing: 22 December 2020
* Congress passes $892 billion Covid-19 relief package
* US Treasury Sec: stimulus checks will start arriving as early as next week
* Despite virus warnings, US passenger totals rise above 1 million at airports
* Google, Facebook agreed to cooperate on possible antitrust action via lawsuit
* UK Q3 GDP growth revised up to 16.0%
* US economic growth slowed in November via Chicago Fed Nat’l Activity Index