Don’t expect Powell to spark a growth rally, says Maple-Brown Abbott

Investors hoping an eventual Federal Reserve pivot will spark a sharp rebound in growth stocks are misguided, argues Maple-Brown Abbott, declaring the conditions that drove the decade-long growth rally are not coming back any time soon.

Long-time value investor Garth Rossler said market participants had doubts about the sustainability of the value comeback, plotting their re-entry into growth stocks as interest rates peaked.