After “value” started out 2019 pretty well, outperforming “growth”, large and mid-cap growth have widened the lead again from an absolute and relative performance. What may be even more interesting is that looking at Q4 ’18, and its 13% … Continued
Because of the cacophony of “overvaluation” cries, it always pays to watch where the momentum is in the equity markets versus what is lagging. This style-box analysis and rotation is another way to manage market risk. Large-cap growth is … Continued
“Value” hasn’t significantly outperformed “Growth” since 2016 and even then it was only for a year or so. Is now the time where Value investing comes back in vogue ? Small and mid-cap value sub-sectors are starting to perform … Continued
What’s interesting about the Style Box update the last 6 weeks is that Small and Mid Cap Value are starting to close the underperformance gap between it and Growth. Large Cap Growth’s premium to Value has widened out substantially … Continued
The bounce in the various US equity asset classes since December 24th and December 26th, is resulting in the small and mid-cap sectors within the SP 500 outperforming large-cap and growth for the first time in – well – … Continued
The style-box update as of 11/16/18 is actually a little late: for some reason, the update wasn’t made for September 30th. It is typically done every 6 weeks for readers. The big change since mid-August is that mid-cap … Continued
While the large-cap growth performance premium continues, the difference between the mid-cap growth and value styles has narrowed since 12/31/17. The highlighted box is 2017 returns, which was a strong year for large-cap growth and momentum. What needs to … Continued
About every 6 weeks, this blog puts out a Style Box update on the various returns difference between small, mid and large-cap value and growth styles. Looking at the spreadsheet, large-cap value outperformed growth dramatically in 2016, and then … Continued
Here is the regular “style-box” update for readers that like to stay abreast of the “value vs growth” debate. After 2017’s substantial large-cap growth premium to other styles, 2018 has returned to a more normal market. What is interesting … Continued
The President didn’t help the Growth/FAANG/Momentum crowd this morning with his tweets targeted at Amazon. Looking at the above table, as of this weekend, it looks like Growth is maintaining its “alpha” over Value, although large-cap is seeing less … Continued