In a world of competing stock market narratives, only one is holding true

Investors are sticking with a narrow group of stocks with strong earnings that are in the bag, and ignoring everything else. "Investors generally like a narrative that's really clear. Right now, there are a lot of multiple narratives in place," Fundsrat's Managing partner Tomas Lee said Tuesday on CNBC's " Worldwide Exchange ." You can say that again. In place of a single narrative, there is a string of contradictory competing narratives.

Cyclicals in 2023: no outperformance here S & P 500 up 13% Industrials up 5% Materials up 1% A slower economy should help value stocks, but value is dramatically underperforming growth on the year, and even in the last few months. Growth vs.

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Stock market today: World markets edge lower as China reports slower growth in the last quarterShares are mostly lower in Europe and Asia after China reported that its economy grew at a 4.9% annual pace in July-September, down from 6.3% in the previous quarter. U.S. futures also fell, while oil prices jumped more than $1. On Tuesday, Wall Street drifted to a mixed finish after a report showed U.S.
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