Growth Tag


23 Jul, by Steven Vannelli, CFA in Economy, Knowledge Leaders, Markets

We believe the technology sector is broadly breaking down. ​​​​​That's the bad news. The good news is that the correlation between pure growth stocks and pure value stocks has plunged. This means that growth only explains about 5% of the movement in value stocks right now....

Is the Re-Opening/Value Trade Over?

07 Jul, by Steven Vannelli, CFA in Markets, Portfolio Management

Interest rates have been falling in recent months leading some to speculate that the “re-opening” trade has run its course. This in turn begs the question as to whether the “value” trade is over. On both accounts, we see signals that still point to an...

2 Industries With A Large Disconnect Between Growth And Price

21 Aug, by Knowledge Leaders Team in Uncategorized

When it comes to stock valuation, it makes sense that the fastest growing industries should command the highest valuations. And as we will show, in general this holds true. However, there are always exceptions and this is where one can find interesting mispricings. Let’s set...