16 Nov COTW: Vaccine Announcement Triggers Reversal in Value vs. Growth
Last week, Pfizer announced positive early results for its coronavirus vaccine. This sparked a massive rally in the unloved, beaten-down value stocks that have trailed growth stocks on and off for more than a decade.
The chart below highlights one of the more extreme examples with small cap value stocks (as measured by the Russell 2000 Value Index) outperforming large cap growth stocks (as measured by the Russell 1000 Growth Index) by 8.68%, the widest spread since 1992.
SpringTide Partners, LLC is a Registered Investment Advisor with the state of Illinois and other states jurisdictions where required. Registration with the SEC or any state securities authority does not imply a certain level of skill or training. All information contained herein is for informational purposes only and does not constitute a solicitation or offer to sell securities or investment advisory services. All investing carries risk including risk of principal loss. All statements made on this website are opinions of SpringTide Partners, LLC and are subject to change. SpringTide Partners, LLC assumes no responsibility for the accuracy of the data included. Statements made on website shall not constitute investment advice.