Historically, value stocks have outperformed growth stocks. But the tables have turned in a big way since the end of the Great Recession.
For the past 12 years, monetary policy has been almost exclusively dovish, leading to record-low lending rates. Furthermore, ongoing quantitative-easing measures by the Federal Reserve, such as its monthly bond-buying program, have held long-term yields in check. Top it off with Capitol Hill pumping trillions of dollars into the economy, and you have the perfect…
