- Value has had a very tough time.
- This chart shows drawdowns of value vs. growth since 1926.
- This drawdown is currently at a record -52%. (h/t 361 Capital)
- In fact the ratio of growth to value has just hit the same level as in 2000 Tech bubble peak (h/t Redburn).
- Investors are coming out defending the style even after adjusting for the valuation metric issues discussed before.
Value
