Delta variant surge will crush reopening stocks, longtime market bear David Rosenberg suggests
Posted on AllSides August 1st, 2021
From The Center
Investors may want to start August by lightening up on the reopening trades.
Longtime market bear David Rosenberg warns surging Covid-19 delta variant cases paired with the culmination of fiscal stimulus will crush stocks tied to the economic recovery.
“We have to be prepared here for the economy to sputter in the next several months,” the Rosenberg Research president told CNBC’s “Trading Nation” on Friday. “You don’t have to basically abandon the stock market, but I definitely would not be in the value reflation cyclical trade.”
His warning follows disappointing...
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