Markets are quieter today after the full 360-degree about-turn | ForexTime

Markets are quieter today after the full 360-degree about-turn in stocks, which saw bumper gains in those beaten-up companies which had been suffering this year.

As bond yields took a step lower, so we saw a reverse of the value/growth rotation with growth stocks (see Tech!) outperforming value by more than 2%.


The head-spinning day comes on the back of the strong macro outlook, which is forcing investors to reprice central banks, not least the Fed, and also growth projections.


Morgan Stanley increased its estimate for US economic growth to 7.3% from 6.5%, a pace unsurpassed... Read More (https://www.forextime.com/market-analysis/wild-day-sees-some-calm)