Goldman Sachs: Trump's "Super Week" is over, and US stocks will enter a rotating market

Goldman traders expect forecast rotation pressure to continue to be a prominent feature of the market after the US election-led trading session ends, as investors put money into smaller companies and look for opportunities with cyclical/inflation themes. Mike Washington, a trader at Goldman Sachs, says investor fatigue has been on display with the election, the Federal Reserve and the Bank of England each cutting interest rates by 25 basis points, a volatile pullback in yields (the 10-year Treasury yield fell 7 basis points to 4.30 per cent in a week) and a prolonged earnings reporting cycle. Forecast rotation pressure will continue to be a prominent feature of the market, as investors put money into smaller companies and look for opportunities with cyclical/inflation themes.