Value ($RLV) outperformed growth ($RLG) by nearly 3% this week.
That doesn’t happen at stock-market highs. Since 2000, the S&P 500 has been an average of 18% from ATH when value has outperformed growth by this much in a week.
In fact, the last time value outperformed growth like this was August 2009. Not saying we’re heading into another 10 years of raging bull, but this is interesting.
The last time value outperformed growth by this much when was within 1% of all time highs was March 2000.
Of course, “value” looked different in March 2000 then it does now.
All I know is that the Heels are kicking off against Wake at 6 p.m. and I need my Friday afternoon beer.
Cheers and #goheels
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