The political tussle in the US might have seemingly ended, but the stage is set for a wrestle in the country's markets in 2021.
The opponents? Last year's undisputed market winners - such as growth-orientated technology stocks - against cyclicals, including financials and industrials, which will be spurred by inflation expectations under the Biden administration. Picking a side will present a challenge for investors. It is difficult to believe the trends accelerated by the Covid-19 pandemic, and which powered technology stocks last year, will simply disappear overnight. IW Long Reads: Getting down to business - How will Biden's Presidency affect markets? But there is a legitimate concern their nitroglycerin...
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