IN THIS QUARTER'S EQUITY OUTLOOK - Download PDF
Market observers are aware of the fact that growth stocks have outperformed value for most of the past decade. Even more notable are trends over the past five years. During this period, the two styles diverged considerably, with growth taking the lead by a wide margin. In fact, the valuation spread — the difference between the market's cheapest and most expensive stocks — is at one of its widest points in history.
What could trigger a reversal of this trend, and how should equity investors be positioned? Our investment professionals offer their views on the changing landscape and how the best approaches today may differ from those that worked best 10 years ago.