Excerpt from Barron’s quoting DataTrek’s Nick Colas:
…. ” Value tends to be a very, very good early-cycle trade, and a very bad mid- to late-cycle trade,” says Nicholas Colas, co-founder of DataTrek Research. “That’s exactly what we’ve seen. It’s just that this cycle has gone on forever.” Value-style investing tends to cluster in a couple of industries, he says, namely financials and energy, which together account for a third of the assets in the Russell 1000 Value index, versus just 5% for the Russell 1000 Growth index. Tech accounts for less than 10% of the value index and a third of the growth index”….
Read the full article here on Barron’s!