A Crucial Signal That the Global Economy May Be Slowing

Monday saw one of the largest rotations in years as money managers shifted from growth into value stocks. Was this a sign of renewed caution concerning the global economy?  Or simply a prudent rebalancing, heading into the fourth quarter.

Despite no apparent news numerous of this year’s best-performing stocks got hammered, many down over 10% or more on the day.

The selling was focused in growth names, especially technology and specifically cloud-based companies. They were both relentless and seemingly insensitive to price or technical levels.

This suggests that… Continue reading at StockNews.com

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