And I would also say the days of just throwing it in growth name or a <\/i>Big Tech<\/i> stock or the S&P 500, those days may be behind us. Active management is going to be critically important as we look at a rapidly rising <\/i>economy<\/i>, very high inflation. And I think what's inevitable: higher interest rates.<\/i><\/p>\n
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I think you can no longer look at the market as a whole, as one entity. You have to start to delve deeper into valuations. <\/i><\/p>\n
Growth stocks have acted poorly for over a year now, and that's because interest rates are starting to creep higher and inflation is starting to peek its head. So when you have consistent growers with high PEs, rising interest rates are not good for that pocket of the market.<\/i><\/p>\n
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