PRESS ROOM
Distressed sectors lead US equity recovery in November
Monday 23rd November '20
The S&P 500 Index is up around 8.8% month-to-date as of 20 November with energy, industrials, and financials being the top three sectors. Energy and financials have been the worst performing sectors in the index year-to-date and are therefore benefitting the most from the ‘reopening trade’, i.e. an expectation of economic activity returning to ‘normal’ if vaccines deliver on their promise.