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Market Update

Growth Parties Like It's 1999, but Don't Rule Out Value

Morningstar style indexes reveal market divergence and opportunity.

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Spare a moment to contemplate the gulf between growth stocks and the rest of the market in 2020's first half. More than 33 percentage points separate the performance of the Morningstar US Growth Index from that of the Morningstar US Value Index. The sheer magnitude of this year's divergence is such that, if the year finished this way, it would be growth's largest margin of outperformance since 1999, when the Morningstar US Growth Index gained 44.5%, while the Morningstar US Value Index declined 1.3%.


Source: Morningstar.

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Dan Lefkovitz has a position in the following securities mentioned above: MSFT. Find out about Morningstar’s editorial policies.