The growth-heavy ETFs have returned back to the top of the table, evidenced by Large Cap Growth $IWF and the Nasdaq 100 $QQQ.
Interestingly, when we plot the aforementioned growth ETF, $IWF, relative to Large Cap Value $IWD, the ratio is back at its former all time highs. The last two times this ratio was at these levels, value stocks began outperforming.
Growth stocks have driven the market higher into all time highs.
Is it time for them to pass the baton to value to drive markets further into price discovery?
We'll be closely monitoring whether a breakout takes shape here, and providing updates in the coming weeks.
