NEW YORK (NYTIMES) - Zoom and Peloton are out. Oil drillers and metal miners are in. Tech companies that made remote living possible - or even bearable - were the centre of the action last year as investors sought companies that were either immune to the economic chaos of the coronavirus pandemic or potential winners from the disruption caused by lockdowns.
But now, money is flowing into old-fashioned sectors where profits are soaring because of the rebounding economy, which is growing at the fastest rate since the early 1980s.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you