XOM - Value Stocks Up 8 Weeks In A Row Stick With VTV

2024-03-17 11:49:03 ET

Summary

• Vanguard Value ETF has finished positive for eight consecutive weeks and reached a record all-time high amid strong absolute momentum.
• VTV has outperformed the S&P 500 over the past month despite the spotlight continuing to be on high-growth AI stocks.
• I note key downside levels of support as we head into the start of Q2, a historically bullish period.

Is the value style re-asserting itself? Each weekend, I delve into the previous week’s trading action to uncover clues on where the market might go next. Value equities have held their own amid the much-celebrated growth trade lately. AI euphoria has undoubtedly been a force to be reckoned with since early last year, but tried-and-true blue chips have by no means been left out of the party. In all, investors continue to pour money into US equity ETFs , and one of the beneficiaries has been the Vanguard Value ETF ( VTV ). ...

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