— Sarah Ponczek (@SarahPonczek) January 25, 2021
Today’s Chart of the Day was shared on Twitter by Sarah Ponczek of Bloomberg (@SarahPonczek). The chart shows the weekly percent change of S&P 500 Growth vs. S&P 500 Value. Sarah points out that Growth outperformed Value by more than 4% last week, marking the best week for Growth vs. Value since 2008. Growth trounced Value for the majority of last year but paused in the fourth quarter. Every time we’ve seen Growth pause over the past few years, we see the narrative emerge that Value is setting the stage for a meaningful comeback. Unfourtunatly for Value investors, that comeback remains a mirage. For now, the trend continues to reward those who swim with it in terms of Growth vs. Value. Last week’s impressive outperformance was a reminder that Growth is still very much alive and in the driver’s seat.