The Centers for Disease Control and Prevention yesterday evening released new recommendations for those who have contracted COVID-19: most prominently, the agency reduced the suggested isolation time for asymptomatic carriers from 10 days to five.
The only economic data point of note was the S&P CoreLogic Case-Shiller national home-price index, which showed that home prices jumped by 19.1% in October – still a high rate of growth, though a slower pace of expansion for the third consecutive month.
The S&P 500 took a 0.1% step back from Monday’s record highs, to 4,786, while the Nasdaq Composite declined 0.6% to 15,781.
“If GDP continues to expand as we expect in 2022 and interest rates inch higher, value-oriented sectors … might once again take the lead,” their strategists say.
But Janus also expects industrial stocks to get a lift.
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