Sector rotation

I don’t know what started the rotation but notes like this one will only accelerate it.

Tax cuts are halfway priced into the stock market, J.P. Morgan says
By William Watts
Published: Dec 4, 2017 6:54 p.m. ET

In a Monday note, the analysts said tax cuts were around 50% priced into the stock market. That gives the S&P 500 SPX, -0.11% room to run to 2,800 by “early next year,” they said, while also urging clients to “fully” rotate into value stocks from their current “barbell”-type portfolio made up of a combination of growth and value stocks they’ve held since the third quarter.

https://www.marketwatch.com/story/tax-cuts-are-halfway-price…

Denny Schlesinger

2 Likes

I don’t know what started the rotation but notes like this one will only accelerate it

… thereby creating some buying opportunities for us