Over the past month the bullish narrative has surrounded the global growth reflation trade – just as those areas of the market have stalled, especially relative to the S&P 500 Index (SPX). Money has clearly rotated back into the more defensive mega-cap stay-at-home sectors as the 10-year U.S. Treasury Yield (UST) has dropped:
Sign up to access the rest of this content!
This content is not available to free users. Sign up for a paid account to access the rest of this content.