(Bloomberg) — Lagging returns from U.S. growth stocks, recently surpassed by their value peers, mark only the start of a longer-term move, according to Morgan Stanley.The shift favors an overweight position in financials, consumer staples and utilities, said Michael Wilson, the bank’s chief U.S. equity strategist. The S&P 500 Value Index has returned about 5% since the start of August compared with the 0.9% for the S&P 500 Growth Index.“The bottom line is that the winds of change are upon us,” Wilson wrote in a report Sunday. “The long-overdue adjustment process for the most expensive secular growth stocks is under …read more
Source:: Yahoo Finance
