Is the “rotation” finally moving in shipping’s direction?

An investor rediscovery of growth or “value" stocks helped shipping outpace the broader US stock market indices for a second straight week, and could be a preview of things to come in 2021, said investment bank Jefferies.

This sort of rotation by stock buyers away from tech names and listings that were boosted by Covid-19 lockdowns has been in effect for at least the past two weeks, according to Jefferies lead shipping analyst Randy Giveans.