CHAPEL HILL, N.C. (MarketWatch) â?? Believers in the so-called â??Great Rotationâ? theory have to be scratching their heads about what happened last week.
The Great Rotation Theory, of course, was concocted by the bulls earlier this year to refer to what they thought would happen as interest rates rose and investors soured on bonds: The trillions of dollars that they had poured into those funds in recent years would come rushing out and find their way instead into the stock market â?? thereby propelling equities ever higher.
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