Value stocks, which tend to outperform growth coming out of a recession, have gotten a lift in recent days. The Russell 1000 value .RLV index rose, while the Russell 1000 growth .RLG index slipped.
Similar rotations in recent years have not lasted very long, said Paul Nolte, portfolio manager at Kingsview Investment Management in Chicago. “Part of the reason the S&P 500 has been held back is we’re starting to see yet another rotation to value and away from growth,” he said. “That tends to hold back the S&P because it’s so dominated by big tech.”
But, he said, at this point, “I’m looking at this more as a correction of growth than it is people abandoning stocks.” Bets on a potential coronavirus vaccine, historic fiscal and monetary support, and more recently, a better-than-expected second-quarter earnings season have brought the S&P 500 close to its February record closing high.
Based on what? Eventually doesn't the stock market have to have something to do with the real world?
Where is your coverage on Belarus? The land is on fire!!!
Hah yep I bought a bunch of tech stocks today. I feel like this headline was written about my life. Hoping AMD adjusts a bit so I can pick some more of that up at a cheaper price.
Manipulator up
They want in max this week . Only play SP and dow.
banks, blackrock want in max this week , friday was a big purchase
Breaking news 📰 : Stonks only go 👆🏻 up!
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