I wrote about this recently but I want to touch on it again. The performance gap between Growth and Value is getting larger by the day.
The culprit isn’t hard to spot. The value indexes are weighted down with financial stocks. Earlier today, Citigroup (C) officially became a penny stock. The shares dropped to 97 cents a piece. A bit of perspective: The chips I just had with lunch were almost the price of a share of Citi stock.