Wall Street's biggest firms are forecasting a shift away from market-dominating growth stocks and into their downtrodden peers
Could the decade-long trend of growth stocks outperforming value stocks be in the process of reversing?That's according to analyst notes published on Tuesday from Goldman Sachs and Bank of America.
Industries like airlines, casinos, and cruise lines saw a significant jump in outperformance relative to sectors like healthcare and utilities. BofA noted that the valuation dispersion between growth and value stocks is close to all-time highs, suggesting that the rally in value stocks can continue.
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