With the market in tumult, boring old value stocks are beating risky growth stocks—meaning it is the Dow’s turn to shine
The Dow doesn’t include companies such as Amazon, which has fallen 44% in 2022. Amazon has been the biggest detractor to the S&P 500 year to date, according to S&P Dow Jones Indices data as of the end of November. S&P Dow Jones Indices runs the Dow and S&P 500, among other indexes.
“If you believe that interest rates are going to stay higher for longer, then this environment where value beats growth is likely to continue,” said Bob Doll, chief investment officer at Crossmark Global Investments. He said his firm is looking to add to its holdings in energy, healthcare and financial stocks.
Still, much more money follows the S&P 500. U.S. mutual funds and exchange-traded funds tracking the S&P 500 received $71 billion of net inflows through October, Morningstar data show. Many of Mr. Sohn’s clients have asked about the Dow recently, he said. He believes the Dow could continue to outperform at least through next year., which corresponds with the blue-chip index’s performance.ETF tracking the equal-weighted S&P 500
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