SOME consumer, tourism and hospitality-related stocks have been on a tear over the last few months, as investors expect these industries to recover should vaccination programmes prove to be the elixir to the pandemic.
This was despite stock markets around the world taking a dive after the United States Federal Reserve (Fed) hinted that the first interest rate hike could come faster than expected.
The Fed is targetting at least one rate hike in 2023, and another five in 2024 after the central bank upped its gross domestic product (GDP) estimate for 2021 to 7%.
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