Value Stocks Start the New Year Strong and the US Stocks Watchlist – 2 January 2024
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The start of the new year brought rotation from Growth to Value stocks, with growth stocks getting hit hard and value stocks pushing higher. But while the growth glamour stocks have got most of the headlines in the recent rally, you'll note from the S&P 500 Growth ETF (SPYG) and S&P 500 Value ETF (SPYV) comparison above, that Value has actually been leading Growth since around mid October, when the Mansfield Relative Strength line started to turn up in Value and down in Growth versus the S&P 500.
So, will this trend continue into early 2024, or is it just short-term rotation?
Watchlist Stocks
There were 29 stocks highlighted from the US stocks watchlist scans today
CELH, BNKU, BSX, HIMS + 25 more...
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Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.