📊 The Great Rotation: From Growth to Value
The S&P 500's RSI has reached a 30-year high of 87.4, indicating extreme overbought conditions. Meanwhile, the value segment, represented by the Value Line Geometric Index, is still 20% below its January 2022 peak. With 12% of the S&P 500's market cap in growth stocks, this is a classic case of the 'growth premium' evaporating. As the market continues to consolidate, we expect a rotation into value stocks to accel...
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