The Macro Bet Behind Value
Heading 1
Heading 2
Heading 3
Heading 4
Heading 5
Heading 6
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
Block quote
Ordered list
- Item 1
- Item 2
- Item 3
Unordered list
- Item A
- Item B
- Item C
Bold text
Emphasis
Superscript
Subscript
“In the short run, the market is a voting machine, but in the long run, it is a weighing machine.” — Benjamin Graham
At the start of the year, Mr. Market has shown his hand. “Run it hot” optimism is high at the start of 2026, whether looking at the yield curve, commodities, or cyclical stocks. The AAII Bulls less Bears survey is at 1-year highs.
Value outperforming Growth is the style synonymous with this thesis.
If you look at every major market outside of the US, Value outperformed Growth in 2025—and since November, it has done so in the US too.
If you believe Rest of World (RoW) will outperform the US, you are paid to take a Value tilt in your portfolio.
Continue reading our analysis on the other headlines by downloading the PDF below
Related Articles
After The Blue Sweep, The AI Risk Isn't In The Chip. It's In The Build-Out.
Underweight Tech. Still Long AI
.jpg)
Small Caps vs Big Tech: The Rates Problem, Dissected
Credit Widened 55bp. Equities Are Only Now Listening