A Healthier Shade of Green?… Another day of gains for US stocks as vaccine hopes and stimulus talks seem to always strike the right tune for investors these days. The sector chart looks a bit different today however, with cyclical/value sectors like Energy, Banks, and Cap Goods, leading the charge this time in contrast with yesterday’s “Tech-splosion” (shockingly not in the dictionary!). Tech taking a break feels like a good thing too as yesterday’s vaccine news = buy stay-at-home stocks logic was a bit puzzling and of course the ever-present debate on whether the NDX’s rocket ship ride is “healthy” rages on. But while recent blips of rotation are a welcome sign of “reopening” optimism, a look at the chart below mapping relative performance of growth and value in the US and EU reminds it’s all hardly put a dent in any value recovery… Crikey! Look at the jaws on that one…
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