"It is a question of broadening our horizons because of rates rising to more than just the large cap tech stocks that have led for so long," he said.
Emanuel predicts growth stocks, including Big Tech, will continue to fall out of favor as the rotation into cyclicals picks up momentum. He expectsOn Monday, the tech-heavyHowever, Emanuel sees pullbacks as major entry points. "Now it's a broader, more inclusive rally, and we think ultimately that's a positive for the markets. But there's going to be likely a period of indigestion straight ahead," he said. "You could see a drop of over the next little while of perhaps 10% to 15%.""The rise in yields is a confirmation that
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