Facebook Keeps Winning and That's Bearish for U.S. Markets
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The stock market’s slim leadership shouldn’t worry investors, but the type of leaders should.
Growth stocks -- companies with the strongest expected and realized sales and earnings -- have been this year’s big winners, gaining the most out of the five global factors tracked by Societe Generale SA. Outsize gains in growth stocks isn’t unusual this late in an economic cycle because investors flock to companies with established track records assuming newcomers may struggle if the economy turns sluggish.