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Market views · 2024-08-12 · RVS Investment Institute
Global Investment Views — August: equity rotation
Equities begin to rotate and the rally broadens.
When a rally spreads beyond a handful of leaders, the risk-reward of crowded trades flips. This monthly note records positioning discipline at the start of that rotation.
For equity desks, breadth is not a reason to ignore valuation. For fixed income, rotation often arrives with a re-pricing of real rates.
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For professional and educational use only. This material is not investment advice or a recommendation. Capital is at risk.