CAPE: European Value Stocks Still Cheap Relative To Growth
One of the unintended side effects of this week’s Federal Open Market Committee meeting is that value stocks are set to outperform growth, according to research from Barclays analysts Dennis Jose, Ian Scott and Joao Toniato. They’ve noticed that the relative performance between growth and value has depended largely on changes in the yield curve, so the Fed’s mostly bullish tone should put damper on growth stories . . .
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