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Jul 08 2024

The Current State Of Value—An Update

  • Jul 8, 2024

Value’s migration behavior was the key to its failure between 2010-2020—its pattern got progressively worse, culminating in a Value trap during 2017-2020. We believe macro tailwinds and positive surprises are both needed, and, while the setup on the macro front, post-2020, has become quite favorable, in order to breathe more life into Value we need to see the upswing in earnings surprises continue.


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About The Author

Chun Wang / Sr. Research Analyst & Co-Portfolio Manager