Battleground Zone: S&P 500 Under Pressure As Rotation Trade Cools

Authored by Michael Ball, Bloomberg macro strategist,

Equities are again under pressure Monday, with hopes fading that Friday’s declines were just a pause in the reacceleration rotation trade that’s seen cyclical, value, and small cap outperform in recent weeks. 

Given how far many of these Main Street proxies have already run, any wobble in the growth outlook now risks a sharper drawdown.