Bloomberg (gated) citing a note from analysts at Bank of America:
- the outperformance of value over growth stocks as market breadth improves could be the next “pain trade” for investors
- also warn of an outright drop in US equities and a widening in investment-grade bond spreads
Info comes via a Bloomberg report.
Late last week Goldman Sachs warned of the concentration of gains amongst the Magnificent Seven (really the Magnificent One … NVDA)
- Goldman Sachs data shows that hedge fund exposure to “Magnificent 7” rises to record high
This article was written by Eamonn Sheridan at www.forexlive.com.
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