Business
Don’t fall into the ‘rotation trap’ ‘Rotation trap’: don’t ditch all your ASX growth shares – The Motley Fool Australia
Inflation could pop up as the economy recovers. But here’s why you shouldn’t throw out all your ASX growth shares to buy into value stocks.
ASX growth shares may have deflated the last few weeks, but one expert has warned investors to not fall into the trap of going “all in” on value shares.
Overnight, the US Federal Reserve indicated interest rates would remain at zero until at least 2023, and it would tolerate inflation that may come in the meantime.
This boosted share investor confidence, pushing up US markets as well as the ASX in early trade Thursday.
DeVere Group chief Nigel Green said the Fed had a “tricky” two-day meeting this…
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