NEW YORK (Reuters) – With uncertainties over the U.S. election subsiding, some investors expect corporate earnings and economic data to play a bigger role in shaping stock prices this year.
FILE PHOTO: A Wall Street sign is visible near the New York Stock Exchange (NYSE) in the financial district of New York, United States, November 24, 2020. REUTERS / Brendan McDermid
For months, economic results and data have largely taken a step back as investors grapple with two overarching uncertainties and their ultimate impact on financial markets: the changing political landscape in Washington and the sweeping coronavirus pandemic. the world.
Options data showed that bets on large profit-linked stock movements only paid off 24% of the time in the last earnings season, compared to a historic win rate of around 40%, according to the option analysis company ORATS.
Stocks hit record highs even as Citigroup’s U.S. Economic Surprise Index, which tracks economic data relative to expectations, slipped …
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