Stocks ground into a low on October 12, 2022, and have since recovered about 15.21%. The Morningstar Developed Markets Large-Mid Cap Index has also experienced a golden cross where the 50-day moving average rises through the 200-day moving average. Generally, I view a security trading...
Across US indexes, growth has experienced a resurgence relative to value off the June 17, 2022 low. In this piece, I am going to focus on small-cap stocks and consider their merits through the lens of: 1) US Treasury yields, 2) oil prices, and 3)...
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....
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...
