Growth vs. Value Rotation
Growth vs. Value Rotation The latest rotation has been the most significant since 2010. But will Value still falter in the long run? Image: Goldman Sachs Global Investment Research
Rotation from Cash to Equities Among Major Investor Categories vs. Change in the U.S. 10-Year Treasury Yield
Rotation from Cash to Equities Among Major Investor Categories vs. Change in the U.S. 10-Year Treasury Yield Historically, investors tend to rotate from cash to equities when rates rise. Image: Goldman Sachs Global Investment Research
Outperformance of Procyclical Styles – Current Rotation vs. History
Outperformance of Procyclical Styles – Current Rotation vs. History Investors are pricing a cyclical recovery. Image: Morgan Stanley Research
S&P 500 GICs Level 1 Sector Weekly Relative Rotation Graph
S&P 500 GICs Level 1 Sector Weekly Relative Rotation Graph Technology and discretionary are weakening. Industrials and materials are leading. Financials, utilities, staples, health care and real estate are improving. Energy and communication services are lagging. Image= BofA Global Research
Bond Yields and Rotation Trade
Bond Yields and Rotation Trade Higher yields are good news for investors. According to BofA, the bull story next year is a reopening rotation story. Image: BofA Global Investment Strategy
Rotation – US vs. non-US Equities, S&P Growth vs. Value, S&P Cyclicals vs. Defensives
Rotation – US vs. non-US Equities, S&P Growth vs. Value, S&P Cyclicals vs. Defensives Is the rotation into value, cyclicals and non-US equities inevitable? Image: J.P. Morgan
Rotation vs. U.S. GDP Growth Forecasts
Rotation vs. U.S. GDP Growth Forecasts Chart suggesting that the rotation out of bonds into equities, out of growth into cyclicals, out of large caps into small caps, and out of gold into copper, is expected to continue in 2020. Image: Fidelity Investments
Momentum to Value Rotation
Momentum to Value Rotation The rotation into value suggests a rebound in global economic growth, not a recession. Image: BofA Merrill Lynch US Equity & US Quant Strategy
Rotation from U.S. Stocks to Rest-of-World
Rotation from U.S. Stocks to Rest-of-World The rotation from U.S. stocks to cheaper global stocks continues, reaching $123 billion recently. Image: BofA Merrill Lynch Global Investment Strategy
Rotation from Safe to Risky Assets
Rotation from Safe to Risky Assets The market is rotating. The chart clearly shows the big rotation taking place from “safe” to “risky” assets since mid-August 2019. Image: Goldman Sachs Global Investment Research