Retailers Offering Value And Yield
The bifurcation between the growth versus value trade continues. This week, markets brushed off the risks posed to the world economy by the coronavirus, and it was once again technology and growth leading the rebound. With the Nasdaq-100 recovering losses from coronavirus fears in essentially two trading sessions, one has to wonder if the technology-buying algos are not a bit too eager. In any case, growth stocks have also led the S&P 500 to record highs and we are asking again the question, “how long can growth/technology outperform?”
We recognize