2016 Value Investing Comeback As Un-Loved Become Loved: BAML

Value Investing - 2016 is looking to be a very different year for professional investors, a report from Bank of America Merrill Lynch points out, as it considers extremes in markets and points to the future market environments, which may be very different in the new year. This outlook comes at Evercore ISI’s weekly hedge fund survey shows long equity exposure bouncing near yearly lows. What is causation, the core performance driver that makes markets move?

Without using the phrase “mean reversion,” BAML report points to “buying neglect and selling the crowds”

Although the BAML report did not...