/biz/ - Business & Finance

>Other factors besides the election also suggest a rotation from
outperformance of growth to value stocks. Our base case for
the macro outlook is that the approval of a vaccine later this
year accelerates the ongoing economic recovery. In the past,
sharp economic accelerations have often driven investors to
rotate from expensive growth stocks to low valuation cyclicals,
and we expect the same dynamic will occur this cycle. In
recent months, shifting vaccine probabilities have been most
positively correlated with the performance of value stocks and
most negatively correlated with the Technology sector and
other growth stocks. So, regardless of the election outcome, a
rotation within the equity market appears likely in coming
months.

I've heard this meme a few times. Also what the FUCK is with these awful charts and colors.