As S&P500 keeps sliding down (as it should),
it reflects a profound market rotation:
1) from the overpriced growth into Value
2) from Technology and Discretionary into commodities and materials
3) from the USD into Emerging Markets (mostly Latam).
![](https://i0.wp.com/blog.tenviz.com/wp-content/uploads/2022/03/sp-500-index.jpg?w=660&ssl=1)
As S&P500 keeps sliding down (as it should),
it reflects a profound market rotation:
1) from the overpriced growth into Value
2) from Technology and Discretionary into commodities and materials
3) from the USD into Emerging Markets (mostly Latam).