The “great rotation”, is the newest propaganda meme for the masses. On Google search stats, the last major spike was the 2007 market high. This one has been around for awhile and now shows a recent search surge. However, the money flows into equities represent the pull forward of selling into December to take advantage of lower tax rates. January is primarily a return of this investment, and not new money of any consequence. January almost always sees money coming to the market, so this is being exaggerated. Even if there was a rotation, that would spell the death knell of the credit and bond bubbles. Credit and bond bubbles need constant new credit, not diversion to equity.
Entire article is available at Seeking Alpha.