A version of this story first appeared in CNN Business’ Before the Bell newsletter. Ren Leggi, the company’s client portfolio manager, told CNN Business that recent moves into banks, oil stocks and retailers — which investors believe may be undervalued because of the pandemic — is just a “short-lived rotation.” “Value industries are becoming more and more vulnerable to disruption,” …
Beijing CNN Business — Ray Dalio doesn’t want to use the word “recession” when talking about the global economy. Buthe does believe it is headed for what he dubbed the “Great Sag.” The billionaire hedge fund founder told CNN Business on Thursday that the world is dealing withfinancial challenges on a scale not seen since the 1930s, when economies were …
