Growth stocks have far outpaced value stocks this year. As we enter the summer this divergence has reached an extreme:
The divergence between the Russell 2000 Value vs. the Russell 2000 Index has not been this wide in over 10 years:
Is value about the make a comeback while growth consolidates the huge 2018 gains? We believe value is deeply oversold. A rebound for this sector in the second half of the year could be on the way.
Hat tip Callum Thomas/Trevor Noren