The value factor may not be dead, but it’s certainly on life support. The question is whether this popular but currently challenged risk premium for equity investors will revive any time soon, if ever? No one knows, at least no one without a reliable crystal ball. But perhaps we can find some clues on what’s coming by searching for likely smoking guns that are behind value’s demise (or current state of suspended animation, if you prefer).
Did China come out on top after Trump-Xi G20 meeting? CNBC
Trump picks two nominees for Federal Reserve board: Bloomberg
IMF’s Christine Lagarde to lead European Central Bank: Reuters
Eurozone Composite PMI: ‘solid growth’ for June: IHS Markit
China’s economy slowed in June, weakest since last Oct: IHS Markit
1yr trend for US private payrolls projected to hold at +1.9%: