John Authers, Columnist

The Great Value Rebound Was Another Head Fake

Growth stocks are stretching their lead again, surpassing even the peak of the 2000 dotcom bubble.

June 24, 2020 at 4:15 AM UTC

John Authers is a senior editor for markets and Bloomberg Opinion columnist. A former chief markets commentator at the Financial Times, he is author of “The Fearful Rise of Markets.”

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Photographer: TIMOTHY A. CLARY/AFP/Getty Images

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Charlie Brown is flat on his back once more. At the end of last month, you may remember I wrote a newsletter rather nervously arguing that it was time for value (buying stocks which look cheap compared to their fundamentals) to start beating growth companies (chosen for their rising earnings), after a losing streak that had lasted more than a decade.