Investors hoping an eventual Federal Reserve pivot will spark a sharp rebound in growth stocks are misguided, argues Maple-Brown Abbott, declaring the conditions that drove the decade-long growth rally are not coming back any time soon.
Long-time value investor Garth Rossler said market participants had doubts about the sustainability of the value comeback, plotting their re-entry into growth stocks as interest rates peaked.
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Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
