March 8 (Reuters) – Hedge fund manager David Tepper said it is difficult to be bearish on stocks at present and the recent selloff in U.S. Treasuries that drove up interest rates is over, CNBC reported on Monday, citing an interview with the billionaire. He said he’ll “be ready when it matters” for the 2021 regular season and is doing everything doctors ask, adding that his motivation is all about being the best quarterback in the NFL and winning the Lombardi Trophy — not beating Jones in contract tug of wars.
Investors are shifting funds from tech stocks with lofty valuations to other groups, such as energy and financials, that are undervalued and more of a play on an improving economy in a post-COVID world than big tech is, said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. An expected economic surge once the coronavirus vaccines are rolled out along with the monster fiscal stimulus have triggered inflation fears and a spike in Treasury yields, leading the Nasdaq to tumble as much as 12% from its Feb.
Israel Adesanya’s bid to become ‘champ champ’ fails as Jan… I can be your bodyguard’: Jan Blachowicz… Dana White labels judges’ scoring a ‘big problem’ as UFC… Israel Adesanya says he has no regrets over failed tilt at… The major market risk has been removed, Tepper told CNBC, and rates should stabilise in the near term. website Government stimulus and a countrywide coronavirus vaccination program have fueled expectations of an economic rebound in the United States, pushing Treasury yields higher in recent weeks.
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Israel Adesanya says he has no regrets over failed tilt at… economy reopens and sold the big tech names that have fueled the rally since last March. A rotation into sectors such as energy and financials continued, both in small- and large-cap stocks, as investors bet on consumer spending when the U.S. The vaccine roll-out is going very well, all tribute to those on the ground. It was suggested to the Labour leader that Mr Johnson appeared to have benefited from a ‘vaccine bounce’ and Sir Keir replied: ‘There is undoubtedly a vaccine bounce going on.
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