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Goldman Sachs says the market is due for a large but temporary rotation out of growth stocks

7 days ago   |   By Business Insider

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Goldman Sachs says the market is due for a temporary but large rotation out of growth stocks into cyclical and value stocks.
Goldman expects bond yields to rise and economic growth to improve in the next few months, and they said this will trigger a rotation.
The firm upgraded bank stocks and auto stocks to "overweight," as these sectors are the most sensitive to rates and growth. Food, beverages, and tobacco were downgraded to "underweight."
Goldman added that over the medium and long term, rates will stay relatively low due to the low levels of underlying...
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