The Economic Reopening Trade Is Changing Everything in Markets
- Bond markets are tumbling on bets for faster economic growth
- Value stocks heading for best month versus growth since 2000
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Plenty on Wall Street expected bets on a post-pandemic world to change markets in 2021. But few could have predicted the ferocity of this reopening trade sweeping across assets.
From stocks to bonds and commodities, traders are moving in sync on the belief that the most ambitious vaccination campaign in history is about to supercharge economic growth and unleash price pressures that have long been dormant.