So here’s the question, with the inevitable mean reversion for growth and tech, will you take that opportunity to lighten up on any growth & tech you have left to buy more value?
Or will you double down on the growth and ignore value stocks?
What are you going to do?
Because as a reminder, this still looks like a major top in Growth relative to Value. And although we’ve certainly benefited from this rotation recently, I’m not sure that it’s over.
Look at that bottom panel.
Was this a major whipsaw and now we rip?
Or do we want to take any pullbacks in Value as an opportunity to fatten up our positions and lighten up on Growth?
I’m still thinking the latter.