The great rotation: Will short duration and cyclicality prosper in European markets?

Synchronised economic recovery

clock • 4 min read

On 9 November 2020, Pfizer and BioNTech announced that they had created an effective vaccine for Covid-19. This news drove a sharp rotation away from the so-called 'growth' and 'quality' sectors and into 'value' ones. In fact, it was one of the biggest rotations we had ever witnessed.

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