"When people get positively surprised about the past, you get more cyclicality in terms of style, value versus growth, and size, small versus large," Page told Business Insider. "That's what a real cyclical upswing would look like, which typically occurs in the early stages of a market recovery. And that's not really what's happening."
There are good reasons for these disconnects even if they do not make the market action any less jarring.Consider that many of the growth stocks that would normally be cast aside in the early stages of a recovery are better insulated from this crisis. For example, many of the large-cap tech companies have become more essential for remote work and communication.
The asset-allocation committee he oversees uses a 6-18 month horizon to make tactical decisions. Page shared the following four moves they have recently made to benefit from the recovery and be positioned for an uncertain road ahead: relative to bonds. However, they have sold some positions during the rally due to the uncertain nature of the recovery.overweight in small-cap stocks
. They are relatively cheaper than larger companies and would benefit from a cyclical rebound because they are more exposed to the domestic economy. because of the sheer size of stimulus that the government is making available. because the large tech giants continue to benefit from remote work. Do you have a personal experience with the coronavirus you'd like to share? Or a tip on how your town or community is handling the pandemic? Please emailfrom Business Insider Intelligence on how COVID-19 is affecting industries.
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