economy reopens and sold the big tech names that have fueled the rally since last March. A rotation into sectors such as energy and financials continued, both in small- and large-cap stocks, as investors bet on consumer spending when the U.S. Netflix has Zero Dark Thirty writer Mark Boal in its sights to pen a script, with Noah Centineo, star of the To All the Boys I’ve Loved Before Netflix movies, already attached to play one of the main roles.
An expected economic surge once the coronavirus vaccines are rolled out along with the monster fiscal stimulus have triggered inflation fears and a spike in Treasury yields, leading the Nasdaq to tumble as much as 12% from its Feb. For years, Wall Street investors have been betting that would fail. Wall Street was so sure GameStop would fail that they made it one of the most heavily bet-against stocks on the market.
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