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,” …
New York CNN Business — Ray Dalio, the billionaire founder of the world’s largest hedge fund, is deeply worried about a divided and profoundly unequal America as President-elect Joe Biden prepares to take power. “There will have to be a resolution of the system working for the majority of the people in which there’s productivity,” Dalio told CNN’s Poppy Harlow …
