Friday Morning Coffee Nr. 82: This was only the appetizer

281119 Friday Morning Coffee

Friday Morning Coffee Nr. 82: This was only the appetizer

We have been experiencing over the last weeks a timid return in favor of the value style that started to outperform the momentum & glamor strategies. The reasons for this growing appetite for value investing are an extreme and unsustainable valuation discount of value stocks compared to the market overall, noticing the more encouraging economic data, overall better than expected quarterly results in the more cyclical industries and stabilizing bond yields with the 10 year US Treasury back to 1.76% from the lows seen beginning of September.