Highlights
- Large cap growth is at new highs vs value, but small cap growth is a far cry from the same milestone.
- This divergence has been ongoing since before the bear market began in 2022.
- Our bottom up models confirm a preference for growth over value.
- With incremental change still inflecting positively, we are willing to look past valuation, in favor of quality growth, because this is what the market is doing.
- We'll know when the market cares about. . .
