A value investor’s dream?

Over the last few months, an interesting phenomenon has been building. Many signs are starting to point to a market shift in favor of value stocks and away from growth names, but that's not really what's happening. There was a brief blip when it looked like value was about to make a comeback, but it didn't stick.

So at a time when the environment would normally be more friendly to value stocks than to growth, why does growth continue to prevail? It may come down to something as simple as earnings expectations, according to one firm. On the other hand, another firm is banking on economic conditions triggering a reversal into value from growth as the debate over when...