Dear Chart of the Day Fan:
Here’s my chart for today. I’ll talk about it shortly after 3:30 p.m. Eastern (12:30 p.m. Pacific) on the Bloomberg Businessweek radio show. Also, I’ll present my Stock of the Day just after 4:05 p.m. (1:05 p.m.) on the radio and later on social media. You can hear me on Bloomberg Radio or see me at Bloomberg Global News on YouTube. Earlier charts are on my Tumblr page.
Thanks for your interest. It’s appreciated.
Cheaper U.S. stocks bucked a decades-long trend by beating shares with the most price momentum last week, and JPMorgan Chase & Co. expects a longer reversal. The ratio between the MSCI USA Value and Momentum stock indexes rose 7.9%, its biggest weekly gain since April 2000, according to data compiled by Bloomberg. Value stocks are benefiting from “a positive growth backdrop,” JPMorgan’s head of U.S. equity strategy, Dubravko Lakos-Bujas, wrote in a report Thursday. He recommended buying the shares and betting against momentum stocks, which are at risk as bond yields and inflation rise.
Stocks Editor, Bloomberg RadioEditor, Chart and Stock of the DayStock of the Hour, Bloomberg Television
Author, Visual Guide to Financial Markets