Market Update – Rotation Again, Small Caps and Value in Favor, Gold Soaring

1 p.m. ET More rotation. Yesterday Value outperformed growth, but only because value was down less than growth. Today the value style factor (+0.9%) has a legitimate edge over growth (-0.1%), which I suppose is a little interesting given mega cap earnings and 2 of yesterday’s 3 mega caps, having a positive reaction. The one…