Value stocks are up 24% this year while Growth is down 6% — a 30-point spread.
If that holds through year-end, it would beat even 2000's dot-com crash for the widest performance gap on record.
We've spent 15 years in a Growth-dominated world. Tech multiples ran wild. "This time is different" became gospel. Now the rubber band might finally be snapping back.
Is this a one-year anomaly or the start of a real regime change? Nobody knows. But if you're 100% in expensive tech and have been ignoring boring profitable companies trading at reasonable prices, this is a wake-up call.
Diversification isn't just a textbook idea. It's insurance against being wrong about which story the market decides to believe next.
If that holds through year-end, it would beat even 2000's dot-com crash for the widest performance gap on record.
We've spent 15 years in a Growth-dominated world. Tech multiples ran wild. "This time is different" became gospel. Now the rubber band might finally be snapping back.
Is this a one-year anomaly or the start of a real regime change? Nobody knows. But if you're 100% in expensive tech and have been ignoring boring profitable companies trading at reasonable prices, this is a wake-up call.
Diversification isn't just a textbook idea. It's insurance against being wrong about which story the market decides to believe next.
