U.S. Stocks on Brink of Record Versus World While Virus Rages
- Growth shares power MSCI USA Index toward record relative high
- Lag in riskier strategies flashes macro angst, rotation danger
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The U.S. might lead the globe in coronavirus infections, but that’s done little to dent its leadership in the financial world.
Investors are flocking to their “America First” playbook, belying the worst plunge in industrial production since 1946, the historic slump in retail sales and a 5 million surge in the jobless total.