Parts of the cyclical trade could be prime for a comeback, says Wilmington Trust’s Meghan Shue.
With stocks closing at all-time highs after a record-making week, the narrow leadership from growth stocks may be an indicator of what’s to come, the firm’s head of investment strategy told CNBC’s “Trading Nation” on Friday.
“A lot of commentators and strategists will point to this as a risk, and there are risks around that narrow leadership, but it also presents an opportunity,” the $114 billion money manager said. Read more…..
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Why would abandoning globalization be a shame? Nasdaq CEO Adena Friedman says investors hold an “enormous amount of influence” when it comes to fixing inequalities in the workforce.