Category: Julys
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July’s ‘furious rotation’ was a catch-up for global equities that lagged in Q2 – DataTrek
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Pavel Muravyov July saw a sharp drop in interest rates, causing a “violent turnover” in cyclical and interest rate-sensitive sectors such as small caps in the US (VB), (IJR), (SCHA), (IWM), as well as Europe (IEUR) and Japan (EWJ). Both two-year (US2Y) and ten-year (US10Y) Treasury bondsYields fell from 4.72%…