Investors have favored three sectors since companies began reporting in July the results of their earnings for the second quarter, moving capital into areas poised to benefit from higher inflation, according to BofA Global Research.
“Amid skyrocketing mentions of inflation on earnings calls,” BofA Global Research strategists said in a report this week that “clients have been buyers of equities in just three sectors: energy, materials and real estate.”
The…
This post was originally published on Market Watch
