if 2020 was the year for the stayathome stocks well 2021 wasn’t bloomberg columnist john authers points out that an investor who shorted the sp 500 home entertainment stocks and invested in regional malls instead would have returned a hefty 120 gain this year so is the recovery story totally done maybe not need to know recently examined what an artificial intelligencedriven portfolio manager was doing shedding big tech names such as microsoft msft  alphabet googl and amazoncom amzn for a more wellrounded portfolio kevin muir author of the macro tourist blog and a former institutional equity derivatives trader is expecting what he calls a violent rotation out of largecap growth into more valuetype names in the first quarter us economic growth is shifting to one driven by the lower end of the wealth spectrum boosted by fiscal instead of monetary stimulus which will lead to what he calls a regular oldfashioned economic expansion “this means stocks like industrials and other boring companies that facilitate traditional economic growth are what you want to own” he writes but how to do that there’s an exchangetraded fund the proshares sp 500 dividend aristrocrats nobl  based on an index that limits membership to sp 500 companies that have raised their dividend for 25 consecutive years marketwatch data show the fund’s top sector exposures are industrials with a 23 weighting and consumer goods with 20 and only 3 exposure to technology the opposite says muir of a zerocouponlike growth stock would be a highpaying stable dividend company “if you are looking for a way to fade the top 8 basket dominance then what better way than owning a bunch of companies that pay regular dividends aren’t bid to the moon with speculative exuberance and will participate in the upcoming economic upswing” says muir south africa reported it has passed its omicron peak without a major spike in deaths from the coronavirus variant israel began administering a fourth covid19 vaccine dose becoming one of the first countries to do so the uk approved pfizer pfe ’s oral antiviral paxlovid to treat covid19 following its approval of merck mrk ’s lagevrio last month the largest operator of ikea stores says it is planning to hike prices by 9 on average next year exxon mobil xom said higher gas prices would lift its fourthquarter profit by as much as 11 billion hunter douglas hdg shares jumped 70 in amsterdam after 3g capital agreed to buy a controlling interest in the home furnishing company in a deal valuing it at 71 billion it wouldn’t take much for the sp 500 spx to notch its 71st record high of the year but in the early morning us stock futures es00 nq00 were a bit weaker several international exchanges including in germany italy and japan were shut here are the top tickers on marketwatch as of 6 am eastern billionaire investor chamath palihapitiya predicted visa v and mastercard ma will be the biggest business losers of 2022 citing the threat from altcoin projects it’s going to be so cold for the winter classic national hockey league game on saturday in minnesota that the ice will have to be heated need to know starts early and is updated until the opening bell but sign up here to get it delivered once to your email box the emailed version will be sent out at about 730 am eastern want more for the day ahead sign up for the barron’s daily a morning briefing for investors including exclusive commentary from barron’s and marketwatch writers