by Daniel Shvartsman
We've become accustomed to U.S. indices leading global markets as far as performance over the past decade or so. Emerging markets and non-US developed markets have lagged through the bull market, and they're lagging again in the coronavirus sell-off/recovery cycle.
Likewise, we've gotten used to momentum and quality outperforming value since at least the financial crisis. The market has gravitated towards the best stocks, and the nature of the covid-19 containment efforts is that it leaves specific sectors in great distress while accelerating adoption of other sectors.
I spoke with Tariq Dennison