Chris Wood bullish on cyclical stocks; sees more stimulus from US Fed

GREED & fear's view is that there is a scope for US Fed action inter-meeting if the market action is violent enough

Investors would be better off buying cyclical stocks whenever the market corrects, advises Christopher Wood, global head (equity strategy) at Jefferies in his weekly note, GREED & fear and cites two reasons for his conviction.

First, he believes that the world is nearer to the end of the Covid-19 pandemic now as opposed to a few months ago, in line with Farr’s law, which says that once peak infection is reached, then it will roughly follow the same symmetrical pattern on the downward slope – a bell curve. Second, Wood expects fears of any renewed downturn, as have begun to