Companies That Rode Pandemic Boom Get a Reality
Check
https://www.nytimes.com/2021/03/11/technology/pandemic-boom-stocks.html
https://www.nytimes.com/2021/03/11/technology/pandemic-boom-stocks.html
‘Sell Tesla, Buy Exxon’ Explains the Market
“Cyclical stocks, those most sensitive to short-run economic growth, have been doing well since Covid-19 vaccines raised hopes of economic reopening. The stimulus trade accelerated in February as it became clear that President Biden’s $1.9 trillion package would pass. Cyclical stocks such as airlines and oil companies, commodities such as oil and copper, and bond yields all soared”.
The oil industry, known for boom-bust cycles, is resisting the temptation to pump more oil — for now.
https://www.nytimes.com/2021/03/11/business/energy-environment/oil-prices-opec-shale.html
https://www.nytimes.com/2021/03/11/business/energy-environment/oil-prices-opec-shale.html