World / Technology / Cycling / Economy / Tech / Market

EVs and clean tech are bubbles that will deflate as economic recovery prompts rethinking of 'aspirational' sectors, says JPMorgan

Posted On: Mar 7, 2021   |   Posted By: Business Insider

EVs and clean tech are bubbles that will deflate as economic recovery prompts rethinking of 'aspirational' sectors, says JPMorgan

Summary List Placement Bubbles in electric-vehicle and clean-technology stocks will deflate as investors look for exposure to a recovery in the world's largest economy, with oil and hospitality stocks emerging among such plays, said JPMorgan on Tuesday.
The bubbles trace back to February and early March 2020 when the coronavirus crisis began tightening its grip on US markets. Rallies were tied to the outlook for certain technologies, ideologies and policies and "only to a smaller extent to retail paycheck and popularity and momentum chasing," said Marko Kolanovic, head of macro quantitative and derivatives strategy at JPMorgan, during a Tuesday conference call held by the investment bank.
"Really they took off with COVID. There was this premise that we're going to close and reinvent and redesign the world and reimagine," he said.
He noted that the bubbles were not directly related to classical economic cycles and rather driven "by a reset agenda."
But with economic activity accelerating, "what you're seeing...

Continue reading ...

 






The last Posts from Business Insider



Russian intelligence trying to undermine confidence in Pfizer COVID-19 vaccine

Russian intelligence trying to undermine confidence in Pfizer COVID-19 vaccine

Russian intelligence agencies have been sharing false and misleading information to undermine confidence in COVID-19 vaccines from Pfizer and other drugmakers, a report said... Read more ...

Another ex-aide calls Cuomo's office conduct inappropriate

Another ex-aide calls Cuomo's office conduct inappropriate

Another woman who worked for Gov. Andrew Cuomo is describing conduct she felt was inappropriate for the workplace. Read more ...

46. Aberdeen, South Dakota

46. Aberdeen, South Dakota

Average coarse particulate matter : 14 μg/m^3- Second-highest average coarse particulate matter : 35 μg/m^3 - Average fine particulate matter : 5.9 μg/m^3 Unlike its neighbor... Read more ...

US will strike ‘at a time and place of our choosing' after rocket attacks on...

US will strike ‘at a time and place of our choosing' after rocket attacks on bases in Iraq, Defense Secretary Austin says

US Defense Secretary Lloyd Austin won't say who was behind a recent rocket attack on an American airbase in Iraq, but his eyes are on Iran, and he says the US will strike again... Read more ...

Biden to mark 'Bloody Sunday' by signing voting-rights order

Biden to mark 'Bloody Sunday' by signing voting-rights order

WASHINGTON - President Joe Biden plans to sign an executive order directing federal agencies to take a series of steps to promote voting access, a move that comes as... Read more ...

NBA All-Star game to open with chat between Michael B. Jordan, Kamala Harris

NBA All-Star game to open with chat between Michael B. Jordan, Kamala Harris

The NBA All-Star game will open Sunday with a “special conversation” between award-winning actor Michael B. Jordan and Vice President Kamala Harris. The NBA teased the chat in... Read more ...

How to take advantage of LeBron James' All-Star winning streak

How to take advantage of LeBron James' All-Star winning streak

For the fourth straight season, the NBA's best players will meet in an All-Star Game for which two captains have picked the rosters. It's Team LeBron versus Team Durant for... Read more ...

Man pronounced dead after fire at Nashua home, officials say

Man pronounced dead after fire at Nashua home, officials say

A man was pronounced dead after a fire at a Nashua home on Saturday night, officials said. Read more ...

Queen reportedly won't stay up to watch Harry and Meghan's Oprah interview

Queen reportedly won't stay up to watch Harry and Meghan's Oprah interview

Queen Elizabeth II won't stay up to watch the “circus” of Prince Harry and Meghan Markle's Oprah interview Sunday night - and will instead get a briefing at breakfast Monday... Read more ...

2 more former Cuomo aides accuse governor of inappropriate behavior

2 more former Cuomo aides accuse governor of inappropriate behavior

ALBANY, N.Y. - Two more former aides to Gov. Andrew Cuomo have accused the third-term Democrat of inappropriate behavior, marking the fourth and fifth women to raise... Read more ...