Value stocks in the U.S. are beating growth equities lately
Value stocks in the U.S. are beating growth equities lately: Tyler Richey Quoted in MarketWatch
Value stocks outperform this quarter as growth equities struggle in ‘downtrend’
Value stocks in the U.S. are beating growth equities lately, with outperformance that seems set to continue based on technical analysis, according to Sevens Report Research.
“Value” outperformed “growth” by two percentage points in the U.S. stock market’s slump last week, with value equities still “near all-time highs while a downtrend has emerged” in the growth category, said Tyler Richey, a chartered market technician at Sevens Report, in a note Monday.
“Stocks rolled over hard to start September last week,” said Richey.
But “the value-over-growth trade that began to emerge during the August rebound remains intact,” he said, “with a deteriorating technical backdrop” for the Vanguard Growth ETF and “a weakening but still more resilient technical picture” for the Vanguard Value ETF.
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