Blog | Pillar Capital

"The stock market is a device for transferring money from the impatient to the patient" ~Warren Buffett

Markets tend to react violently when surprised. Certainly the election results in November rank as one of the biggest surprises to markets in the last couple decades. Since the elections the markets have experienced some large swings. This movement of cash between assets classes and sectors we call "rotations". The major rotations since November 8th include:

Investors have rotated out of bonds and into stocks
Investors have rotated out of large companies into small
Investors have rotated out of international and emerging markets into domestic stocks
Investors have rotated out of "growth" into "value" stocks

The sheer magnitude of these moves has caused some to call this the "Great Rotation".

For Beginners: "Markets?"

Feel like you don't understand what we mean when we speak of financial markets? You are not alone! Whether you are a participant in a 401k plan or an investor who just wants to better understand how markets work the following video is worth a watch:

The Power of Markets

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