Instead, those fund managers say that they are continuing to rotate into value and cyclical stocks - whose fortunes are closely tied to economic conditions - in anticipation that the economic recovery will be longer and more gradual than originally anticipated.
The transition between the stay-at-home economy and a full reopening will likely take at least a year, leaving value stocks more attractive than technology shares over that time, said Barry James, a portfolio manager at James Investment Research, who remains underweight in technology.
Herve_H_Lecoq Toujours sur ton smartphone, on t’as reconnu avec ta casquette !!
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Source: Forbes - 🏆 394. / 53 Read more »