4/8/21 The Far Turn

The dog of growth is is once again biting the man of value. SPLV, USMV have been about as bad as value funds get in a bull market over the last year, but their recent performance is approaching respectability.

LABU/XBI/IBB look like they might keep it together OC for a change today. The USMV and SPLV portfolios look like they track XLP/XLU. XLE/XOP don’t look like good places anymore.

The rotation toward growth (XLK/TECL/QQQ/TQQQ/SMH/SOXL) and market leaders (MTUM/FNGU) is pretty obvious now. That suggests to buy growth if adding size. Value is a hold.

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