Wall Street Forecasting Shift Away From Market-dominating Growth

Wall Street Forecasting Shift Away From Market-dominating Growth

REUTERS Growth stocks have significantly outperformed value stocks over the past decade, but that could change in the short term, according to notes from Goldman Sachs and Bank of America.

Over the past two weeks, value stocks have started to outperform growth stocks, and the rotation "could have legs," according to a note from Bank of America published on Tuesday.

And while Goldman agrees that the current rally in value stocks could be "both strong and, perhaps, longer than average," they think the rotation is unlikely to be sustained into a major trend unless three things change.

"Historical experience suggests that this current rotation could continue in the short term," according to Goldman.