More the new same – Another vaccine update (from Pfizer) has kept the rotation into underperformers moving. But while value once again is leading (-10bps vs Growth -31bps), and getting a lift from Energy (XOP +2.1%) and Banks (BKX +44bps), the differential between the Value and Growth groups is not as extreme. The S&P is currently testing the 3600 level, but better support is down at the 3500 area.
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