Yeah, we’re likely seeing more of that rotation out of growth stocks and into value stocks, like I’ve been talking about coming. At some point, institutions have to gradually sell out of the very overvalued stuff and buy into our stuff (value stocks) and that pushes up our positions as they buy hundreds of thousands and eventually millions of shares.
Thx for pointing that out.
Value outperforms growth over time. But as you can imagine, there are times when growth outperforms temporarily. But when it corrects, it has massive crashes due to it being so overvalued near its tops.