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It will be eerie: The soundtrack of the 2020 Masters will be different without patrons Money myths you should forget ASAP Stock-market rally due for a ‘pause’ as rotation from growth to value hits an ‘extreme’ © Mohd Rasfan/Agence France-Presse/Getty Images IN ONE CHART

He offered the chart below in a Wednesday note, tracking the relationship between the Russell 1000 Growth Index the Russell 1000 Value Index and the large-cap benchmark S&P 500 :

Meanwhile, the tech-heavy Nasdaq Composite which was battered this week as investors dumped tech shares, was up 2% on Wednesday, trimming its week-to-date decline to around 1%.

The Dow Jones Industrial Average which has outperformed this week as investors snapped up stocks more sensitive to the economic cycle, was up just 0.3% Wednesday, leaving it 4.2% higher for the week.

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Related: Nervous about tech stocks as investors rotate to value? This chart won’t help

Dwyer, who remains bullish in his long-term outlook, said he would look to “add risk” on a temporary pause.

The broad market has spiked “following a mixed election and the news of a highly effective Covid-19 vaccine, and we continue to see new highs in Covid-19 cases and the Trump administration has still not conceded,” Dwyer said. “We look to take advantage of any pullback in the SPX and RLV over coming weeks as the market digests the recent gains.”

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11 Suffolk County Beaches Closed To Bathing Due To Excess Bacteria

Nearly a dozen Long Island beaches are closed to bathing due to excess bacteria. 

The 11 beaches are all on the north shore of Suffolk County. They are:

  • Terraces on the Sound and Beech Road Beach in Rocky Point; 
  • Sound Beach Property Owners’ Association Beach; 
  • Knollwood Beach, Fleets Cove Beach, and Huntington Beach Community Association Beach in Huntington; 
  • Steers Beach and Asharoken Beach in Northport; 
  • Hobart Beach, Prices Bend Beach and Valley Grove Beach in Eatons Neck.

Benjamin Beach in Bay Shore and the Town of Islip Ronkonkoma Beach remain closed.

Bathing in bacteria-contaminated water can result in gastrointestinal illness, as well as infections of the eyes, ears, nose, and throat, according to Suffolk County Commissioner of Health Dr. Gregson Pigott.

Beaches will reopen when further testing reveals that the bacteria have subsided to acceptable levels., officials said

For the latest information on affected beaches, call the Bathing Beach HOTLINE at 631-852-5822.

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