For 'value-beating growth' stock markets need these 3 things, chief investment officer says

The market rally and rebound into cyclical stocks following this week's vaccine news was a "taste of things to come," according to one U.K.-based investor.

The rotation away from growth stocks into cyclicals followed Pfizer and BioNTech's announcement that their Covid-19 vaccine was 90% effective.Traders work before the opening bell at the New York Stock Exchange on November 14, 2019 in New York City. Global economic worries on Thursday caused Wall Street to retreat from record highs following sour economic data from major economies and signs of persistent deadlock in US-China trade talks.

The rotation away from growth stocks into cyclicals — stocks that would benefit from an economic recovery driven by an effective coronavirus vaccine — followed

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