Value Stocks Outperforms YTD, Leaving Growth Stocks Cheap?

JPMorgan has released its 3Q14 Guide to the Markets, a quarterly breakdown of macro data to set the stage for the coming quarter, and while the picture as always is mixed there seems to be plenty of reasons to be optimistic that the recovery is underway and markets aren’t completely out of bounds even if they are expensive.

Large-cap growth stocks cheapest; value stocks have best YTD performance

After the correction in growth stocks earlier this year it isn’t surprising that value stocks have had the best YTD performance regardless of market cap. What might be more surprising is that the correction didn’t bring growth...