Value outperforming growth at big pace.... What does that say?
An event that hasn’t happened since 2006, just before the last financial crisis, has recently reoccurred, a Morgan Stanley U.S. Quant Research piece observed. This "microstructure trend" has in fact been in place for four straight months.
[klarman]
Morgan Stanley’s Chief Economist notes oddity of value outperforming growth
Morgan Stanley’s Chief Economist Adam Parker likes research to be independent and deplores a herd mentality where investors act like sheep. In...