Goldman Sachs traders expect that after the trading frenzy driven by the U.S. elections ends, rotation pressure will continue to be a significant feature of the market as investors allocate funds to smaller companies and seek opportunities in cyclical/inflation themes. Goldman Sachs trader Mike Washington stated that with the elections, the Federal Reserve, and the Bank of England each cutting rates by 25 basis points, the volatility pullback in yields (the 10-year U.S. Treasury yield fell 7 basis points to 4.30% within a week) and the long earnings report cycle have led to signs of investor fatigue. Rotation pressure is predicted to continue to be a significant feature of the market as investors allocate funds to smaller companies and seek opportunities in cyclical/inflation themes.