- Despite the many setbacks along the way, the global risk rotation remains firmly in play, with the Value factor leading the charge.
- In contrast, despite several rebound attempts, Quality has been stuck in laggard territory across markets for most of this 10-month period and suffered a particularly sharp downdraft in September.
- Despite its long stretch of outperformance, Value trades at a historically wide discount to Quality across markets based on 12-month forward EPS estimates, suggesting headroom for further expansion.
For further details see:
Value Rally Forges Ahead, Despite Q3 Whiplash