Ep 113: Sarah Ketterer: Why Cyclicals Have More Room To Run
Investing With IBD
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The Impact of Liquidity on the Market
The shift from growth to value didn't happen in a big way until early November of last year with the announcement of vaccines. The NASDAQ composite was down 79% after the 2000 bubble and S&P 500 was down 57% during the financial crisis. Pharmaceutical stocks became irresistible because they deliver everything you want in a potentially rising rate environment, but it's very unlikely they're going to incur significant price cuts.
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