A Crucial Signal That the Global Economy May Be Slowing

by Options Sensei

Monday saw one of the largest rotations in years as money managers shifted from growth into value stocks. Was this a sign of renewed caution concerning the global economy?  Or simply a prudent rebalancing, heading into the fourth quarter.

Despite no apparent news numerous of this year’s best-performing stocks got hammered, many down over 10% or more on the day.

The selling was focused in growth names, especially technology and specifically cloud-based companies. They were both relentless and seemingly insensitive to price or technical levels.

This suggests that… Continue reading at StockNews.com

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