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While it may seem that tech and healthcare names are outperforming all the other stocks, as news of a vaccine come to light small-caps surged, cruise ship operators and hotel chains jumped more than 10% while purveyors of toilet paper and soup plunged.
“It’s rational that if people are looking for places to hide that they’re going to go to the areas that are weathering the storm best,” said David Donabedian, chief investment officer of CIBC Private Wealth Management. “And on days when they’re feeling more bullish about the potential for perhaps a quicker-than-expected recovery in the economy, either driven by reopening or hopes for a vaccine, that you’d go to the beaten down stuff.”
https://finance.yahoo.com/news/myth-oligarchic-dominance-p-500-114751408.html
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