
Despite the Federal Reserve’s general stance that inflationary pressures will only be transitory, over the last few months signs that the economy is heating up have caused investors to take some of their hard-won profits off the table, pressuring the large-cap, growth-oriented, and stay-at-home stocks. Investors have been rotating out of the high-flying issues and picking up out-of-favor, value-oriented, interest-rate sensitive, and in some cases, international issues. While for the month of May through the Refinitiv Lipper fund-flows week ended May 19, mutual fund and ETF investors have injected $10.3 billion into equity funds (including ETFs), there have been some