Morgan Stanley: Value Outperforming Growth At Pace Not Seen Since 2006

Value outperforming growth at big pace…. What does that say? An event that hasn’t happened since 2006, just before the last financial crisis, has recently reoccurred, a Morgan Stanley U.S. Quant Research piece observed. This “microstructure trend” has in fact been in place for four straight months. [klarman] Morgan Stanley’s Chief Economist notes oddity of value outperforming growth Morgan Stanley’s Chief Economist Adam Parker likes research to be independent and deplores a herd mentality where investors act like sheep. In a May 4 research report titled “Will the Value Trend Last,” he along with his research team of Brian Hayes, Antonio Ortega…