The word "rotation" has become the laziest explanation in markets.
Every time something moves, someone calls it a rotation. Bonds up, stocks down? Rotation. Tech weak, value strong? Rotation. Risk-off into defensives? You guessed it — rotation.
It's a nothing-burger term that sounds smart but explains zero. What's actually happening? Positioning unwind? Forced deleveraging? Macro repricing? Sentiment shift?
Call it what it is. Stop hiding behind vague buzzwords that mean everything and nothing.
Every time something moves, someone calls it a rotation. Bonds up, stocks down? Rotation. Tech weak, value strong? Rotation. Risk-off into defensives? You guessed it — rotation.
It's a nothing-burger term that sounds smart but explains zero. What's actually happening? Positioning unwind? Forced deleveraging? Macro repricing? Sentiment shift?
Call it what it is. Stop hiding behind vague buzzwords that mean everything and nothing.
