The Fed might never hike rates again.

[IroNat]

https://www.marketwatch.com/amp/story/the-fed-might-never-hike-rates-again-here-are-growth-stocks-for-the-long-run-according-to-one-strategist-2020-08-28 He concedes, over the next 12 months, growth stocks are priced for perfection, and value may outperform. “However, low nominal and real rates mean that discount factors for future cash flows will decline and with it, stock market valuations are likely to increase. Stocks with a larger portion of cash flows further in the future (in other words growth stocks) experience a stronger rerating than high dividend stocks and stocks with less growth,” he said.