October 2019 marked the 2nd consecutive month that value stocks beat growth stocks yet the broader FANG index, largely not representative of value, was the key driver of the strong performance in U.S. equity indices, gaining more than 6%. Hence, while a growing group of traders push the reflation story that sees large fiscal stimulus reaccelerating global growth and boosting the relative performance of the value factor and non-US equities, it’s largely the degree of tape action and the anticipation of this forward change in fundamentals that to date supports this pitch.
Alternative asset manager offering investment solutions that find a balance between asset protection and capital enhancement.
Alternative asset manager offering investment solutions that find a balance between asset protection and capital enhancement.