Goldman Slams Reports Of A "Great Rotation" From Bonds To Stocks As "Fake News"
In addition to the "great rotation" taking place in investor mindsets, as the world - at least in theory - shifts away from monetary easing to fiscal stimulus facilitated by that other "great rotation" in the White House, a third such rotation is supposedly taking place in capital markets as investors dump bonds to buy stocks, i.e., a "great rotation" out of equities and into bonds, incidentally this is the 5th consecutive year when strategists have predicted such a trade is about to take place only to be soundly rejected.