Churning stocks wobble after reaching record highs

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Sumary of Churning stocks wobble after reaching record highs:

  • Much of the churn within the market is occurring as Wall Street assesses the health and speed of the economic recovery..
  • There been strong support for many of the sectors and companies beaten down by the pandemic as vaccine distribution helps businesses reopen, while government stimulus helps shore up businesses in the interim..
  • The International Monetary Fund expects global economic growth to accelerate this year as vaccine distribution ramps up and the world rebounds..
  • The 190-country lending agency said it expects the world economy to expand 6% in 2021, up from the 5.5% it had forecast in January…

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