Tuesday, November 16, 2021

The Great Rotation: explosive first wave of an inflationary cycle?

It’s time for a “great rotation” away from shares of faster-growing U.S. companies and toward cheaper stocks, according to Crescat Capital LLC. The money manager cited a comparison of enterprise value relative to sales for the Russell 1000 growth and value indexes in a blog post Saturday. Eight days ago, the growth-value gap widened to 3.41 points, according to data compiled by Bloomberg. The differential exceeded a peak of 3.40 points from July 2000, shortly after the end of an Internet-driven bull market. 

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