The Growth/Value Cycle

Every so often, I like to see where we are in the Growth/Value Cycle. Here’s a look at the S&P 500 Growth Index divided by the S&P 500 Value Index. As you can see, Growth has been leading Value for over nine years.


I expect Value to have its day, but I’m not about to declare a turning point. In fact, it may have already happened. Value has outperformed Value since January.

One issue for Value is that it’s been weighed down by many bank stocks. Despite their depressed valuations, banks have not done well as a group.

Posted by on September 27th, 2016 at 11:43 am

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