Capital Economics’ Thomas Mathews was cautious about the rebound. “We don’t think growth stocks? relative struggles are over, nor do we expect a further rebound in the broader stock market yet.” “A lot of this year’s pain in growth stocks has also been due, in our view, due to the rise in real yields, which, we think, has largely run its course,” Mathews said. “But we’re sceptical growth stocks’ relative struggles are completely over. For one, their relative valuations are still high. And earnings expectations for them still seem too rosy to us.“ The VIX tumbled 4.8 per cent to...