US growth stocks get a reprieve as bond yields retreat

In a year marked by many twists and turns, the renewed dominance of US growth stocks in recent months arguably ranks among the most dramatic.

As we highlighted in an earlier blog post, the performances of US large- and small-cap stocks this year have closely tracked the ebb and flow of expectations for economic recovery and inflation, as encapsulated in 10-year US Treasury yields. By the end of Q2, the Russell 1000 had recouped nearly all of the ground lost to the Russell 2000 since the reopening/reflation trade began last November.

You can now read the full blog post at the link below