Excess Returns  cover image

An Evidence-Based Approach to Markets with Larry Swedroe

Excess Returns

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Growth Stocks Trading at 40 P.E.s.

I sold all my growth stocks, develop the all a value strategy and then over time for various reasons I moved to all small down. So that was one big change. We had a similar situation right after COVID, but that only happened in these large growth stocks and the meme stocks. The rest of the market, you go back to 99 as an example, when you had growth stocks trading at 40 P.E.s. Value stocks were trading like a 12th, which is about their historical average.

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