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"Over the last several days, you have seen at least the beginning of a rotation into some of the beat-up technology companies," said William V. Fries, manager of the Thornburg Value Fund.
"Over the short run, we believe that the 'risk on' trade will continue, with a rotation into the most volatile and economically sensitive stocks," UBS's chief United States equity strategist, Jonathan Golub, wrote in a research note.
If so, a rotation into US multinationals (from US-centric companies like retailers) would seem to make sense.
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Do they return the 24-year-old left-hander to Class AAA Norfolk when Steve Trachsel is ready to rejoin the team next weekend, or do they somehow wedge him into a rotation in which Shawn Estes and Jeff D'Amico are struggling?
Additional file 13: Movie 12 A RON2mC-tachyzoite penetrates with a end-capped junction and a final rotation into a HFF cell.
Dwyer argues that a probable Bush victory, a sector rotation into more defensive-oriented issues and strong fundamentals have popped the group.
Given a current rotation into quality in the sector, we favour structural growth combined with first-quartile industry positioning.
"At the same time, we're seeing a continued rotation into cyclical issues".
Consequently, the antenna spacing can be modeled by a phase rotation into the delay profile.
"The main thing that's going on is we're getting a healthy rotation into many of the economy sensitive stocks," Goldman says.
I've articulated many times over the past several months that I expect a continued rotation into high-quality and defensive stocks.
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