The Rotation Narrative Is Wrong

Take a breath, read this, and then think.

This article was first published in our Growth Investor Pro service.

Summary

• Literally everyone you meet now will tell you that high growth stocks are bad and yielding value stocks are good.

• The explainer is, rates are going up and therefore lossmaking growth names are out of favor.

• Ergo, this narrative goes, buy value and sell growth.

• We believe this narrat…