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 a May 4 research report titled “Will the Value Trend Last,” he along with his research team of Brian Hayes, Antonio Ortega…
Morgan Stanley: Value Outperforming Growth At Pace Not Seen Since 2006
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.