Max Pacella
Investment Analyst
Wholesale Investments
18 Jun, 2021

Welcome back to Weekend Reading.

Celebrate, ye holders of tech, ye who disregard valuations, thou who spit upon value stocks, for the hawks have returned.

Overnight we saw a rotation favouring the growthiest of growth stocks, as nominal yields rose/break-even inflation slumped on the back of the Fed’s latest indication of two rate hikes coming in 2023 – sorry cyclicals, you were just becoming popular again. Cathie Wood’s investment team were probably chanting “transitory impacts” during market close yesterday.

But more on that in a moment.

Let’s look back on the week.


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