Strategy Matters

Check out the accompanying pdf and chart collection. (1) Lots of V-shaped recoveries around the world, so far. (2) New record high for volume of non-auto retail sales in Eurozone. (3) CRB raw industrials spot prices on recovery track. (4) Weekly S&P 500 forward revenues auguring well for Q3 revenues recovery. (5) S&P 500 Growth has been beating Value since early June. (6) Longer term, Value’s total return gets a bigger boost from dividends than Growth’s. (7) With or without dividends, Value has lagged Growth during the bull market since 2009. (8) A vaccine might give Value a shot in the arm. (9) Next Generation EU fund moves Europe toward more fiscal unification. (10) NGEU is also the New Green EU.