Areas of the economy are showing increasingly worrying tendencies, and some are outright caving in. Ahead of today’s FOMC meeting, we decided to take a closer look at the state of US equities and whether the defensive rotation was due – or if one were better off leaving the table entirely…
![US Equity Watch: A rotations game](https://stenoresearch.com/wp-content/uploads/2023/01/WS-Asset-Allocation-1-1080x675.png)