2024-03-25 04:39:40 ET
Summary
- Tech-related stocks have been leading the market, but cyclical areas like Financials and Industrials are leading on a risk-adjusted basis so far this year.
- I have a buy rating on SPYV as it sports a solid valuation, diversified portfolio, strong momentum, and favorable seasonal trends.
- While not a pure-value fund, SPYV is a solid choice for long-term investors seeking an overweight to non-tech sectors.
- I highlight key price levels to monitor as the second quarters get set to begin.
The value factor has performed generally well this year amid a momentum-driven market. Each weekend, I peruse the Goldman Sachs US Kickstart report. The latest edition reveals that tech-related stocks, particularly those in the Communication Services sector, have been the leaders, but on a risk-adjusted basis, its cyclical areas like Financials and Industrials leading the way. What’s more, the MSCI Developed Markets index, with relatively high weights in value sectors, has done well. ...
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For further details see:
SPYV: A Big Sharpe Ratio YTD, Expecting The Blue-Chip Rally To Continue