Value Isn't What It Used To Be

2026-03-02 10:50:00 ET

By Christopher Gannatti, CFA

For nearly two decades, U.S. equity leadership had a clear pattern: own growth stocks, concentrate in the innovation complex and avoid high dividend yield strategies that seemed anchored to an earlier market regime. The rise of the ‘Magnificent 7’ reinforced the idea that reinvestment, not dividend income, was the path to outperformance....

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