Business
Safety last: Risky investments soar in Wall Street’s first quarter – Sydney Morning Herald
Who needs safety when the world’s about to get back to normal? Risky stocks seen as nearly untouchable a year ago surged on Wall Street during the first three months…
Energy stocks had an even more violent snapback, soaring to the S&P 500s biggest gains last quarter after plunging last year. The price of oil rose roughly 25 per cent through the quarter, as of Tuesday.
If people start travelling again, that would mean more cars driving to offices and planes flying to vacation spots.
Small change
Smaller companies tend to have thinner financial cushions to carry them through downturns, and thats why smaller stocks were particularly hard hit during last years sell-off.
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