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Value Investing Is a Winner From Tech Wreck on Wall Street

  • Cheap stocks take market leadership from tech on inflation bet
  • Smart-beta ETFs tracking investing style overtake growth funds
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A fast and furious rotation into value shares is sweeping Wall Street while long-time market favorites -- technology shares -- are extending their decline.

Across the world, shares tied to economic growth are outperforming as the commodity rally helps push bond-market inflation bets toward a 15-year high.