Is that this the “all-in” economic system?
The rally within the final week and a half has been broad and highly effective.
Every thing is shifting. The iShares S&P Worth ETF (IVE) is at an historic excessive, however so is the iShares S&P Progress ETF (IVW). Cyclical shares (those who profit most from a recovering economic system) like transports are at new highs, however even defensive sectors like well being care and shopper staples are at or close to new highs.
Maybe most complicated: The “reopening play” — shares that will profit from the reopening of the U.S. (and international) economic system — are at new highs, however so are the “keep at dwelling” shares — shares that profit when folks do business from home and purchase issues for his or her dwelling: