Wall Street Fears This Stock Rotation Is Another False Dawn
- Value is beating growth again while small caps outperform
- Shift may not last without economic recovery, higher rates
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After so many disappointments for riskier stocks, Wall Street strategists should probably be forgiven for warning clients the market rotation might not last.
Between sluggish growth, U.S.-China tensions and bad omens from the bond market there are plenty of reasons a rebound in American equities most sensitive to the economy will prove unsustainable.