Coronavirus fears are pushing investors back into stay-at-home trades
Investors are bailing on a popular trade due to the coronavirus surge.
Allianz Global Investors’ Mona Mahajan finds a rush of money is flowing back into stay-at-home plays.
“The cyclical story is on hold for now,” the firm’s U.S. investment strategist told CNBC’s “Trading Nation” on Thursday. “The trade is moving out of that reopening, cyclical trade which was more about sectors like airlines[…