We’ve been talking about this for a long time: this year is NOT last year.
The things that worked for the last 3 quarters of 2020 are not working in 2021. Stocks are a mess. Growth is a massive underperformer. Small-caps can’t stop churning sideways. Defensive assets stopped going down. Gold is going up. Consumer Staples are outperforming. The nasdaq is the weakest of all the indexes.
None of these things remind me of last year at all.
We discussed all this and more on Yahoo Finance this morning:
“Growth, in general, peaked at the end of last summer,” @allstarcharts Founder JC Parets says. “The big winners have been coming out of value. There’s so much evidence that 2021 is not what 2020 was. It’s just a completely different type of market.” pic.twitter.com/SbLY4XsJQp
— Yahoo Finance (@YahooFinance) May 11, 2021
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