Communications services companies rose sharply as traders bet on growth sectors amid optimism about the potential for a "soft landing."
"Economic growth is still very much there, and corporate earnings are still decent," said Oliver Pursche, senior vice president at financial advisory Wealthspire. The recent surge in the tech and other growht sectors reflect the point in the market cycle as much as earnings performance, Mr. Pursche said.
"Cyclical...
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May 11, 2023 at 04:02AM
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Communications Shares Rise as Traders Bet on Soft Landing -- Communications Services Roundup - MarketWatch
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