Tech got hammered last week as the rotation into value accelerated. Q3 earnings season heats up next week — results will dictate direction.
Pimco's calling for 6% rates. Worth understanding the drivers behind that view and what it means for near-term positioning. Rate expectations matter more than the narrative right now.
Rotations like this aren't random. When money flows from growth to value, it's usually telling you something about how the market sees forward earnings risk or discount rates. Pay attention to what's actually moving, not just what's loud.
Pimco's calling for 6% rates. Worth understanding the drivers behind that view and what it means for near-term positioning. Rate expectations matter more than the narrative right now.
Rotations like this aren't random. When money flows from growth to value, it's usually telling you something about how the market sees forward earnings risk or discount rates. Pay attention to what's actually moving, not just what's loud.