From Marketwatch:
To say value stocks have had a rough time of it is an understatement.
They were out of favor during the bull market that preceded the coronavirus pandemic. During the coronavirus crash, value stocks were the worst performing of the major styles, and they also were the worst in the current recovery. Value stocks relative to growth stocks have fallen to 20-year lows, according to Deutsche Bank data. (Tuesday’s session was a rare exception, with economically sensitive cyclicals and value stocks advancing as health and tech stocks fell.)