It's once again time to start buying value according to analysts at Barclays as the FANG led S&P 500 rally changes and new leadership arises.
The so-called FANG stocks saved the S&P 500 from a bear market in 2015 and contributed the majority of the index’s gains in 2016. It looks as if this trend has continued into 2017 as, in a new report issued last week, analysts at Barclays highlight that so far this year the top 10 contributors in the S&P 500 have accounted for 47% of the index’s gain through May, significantly above the 25 year median top-10 return of 30%.
Barc: Low Vol Stocks Are Overvalued By 15%
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