Business
ASX to rise; Crown CEO Barton resigns; Coke Europe ups Amatil offer – The Sydney Morning Herald
Australian shares are set for a bright start to the week after the S&P 500 and Nasdaq set new record highs on Friday.
Value and cyclicals outperform in a rising interest rate, higher-growth environment, which the US economy is on the cusp of entering, said Thomas Hayes, chairman and managing member of hedge fund Great Hill Capital LLC in New York.
Were underestimating the lag effect of all the money in the system as more and more vaccinations are delivered and as more of the country reopens from business shutdowns, he said.
We are continuing this rotation that would be consistent with the new business cycle, and…
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