Is the Recent Underperformance of Value Investing a Temporary Phenomenon?

Tack leaders are clearly being aided by a virtuous circle created by the combination of their pre eminence as companies, their recent eye popping performance. The company's pre eminence and price momentum make them essential corner stone holdings in many e t f funds. They also dominate equity induces such as the s and p 500. To the extent investors expectations for these company's rapid growth are realized, they can continue to be great performers. But at some point, if they keep appreciating faster than the rest of the stock market, there should come a time when even their superior growth rates are fully reflected in their stock prices.