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Massive vaccine led rotation into value stocks – 3 thoughts
By Financial Horse  •  November 10, 2020
Note: This article is a premium article that first appeared on Patron. Making it available given the interest on this topic today. If you enjoy articles like this, do consider supporting Financial Horse and getting access to premium articles, my personal stock watch list, as well as my personal portfolio allocation. So Pfizer announced a vaccine last night – with reported 90% efficacy. This news sparked a massive rotation out of the pandemic winners (tech, industrial REITs, growth etc) and into the pandemic losers (value stocks, energy, airlines, hotels, banks etc). 3 thoughts from me: 1. Vaccine is not a holy grail A lot of these deep value stocks (banks, airlines, hotels, real estate etc) have sold off crazily, trading at historical discounts to growth stocks. So short term, a massive snapback like this was always bound to happen – we just didn’t know the timing, or the catalyst....
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By Financial Horse
Financial Horse was founded with a simple goal – To provide high quality financial commentary, in plain English. He is a firm believer in Einstein’s quote that “If you can’t explain it to six-year-old, you don’t understand it yourself.” Too much of finance is shrouded in complex jargon, and Financial Horse aims to demystify financial investments.
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