Value vs. Growth: Which investment style triumphed in 2023?

In 2022, the US equity markets faced formidable challenges as a confluence of factors, including four-decade-high inflation and escalating interest rates, curtailed investors’ enthusiasm for high-risk assets, notably growth-oriented stocks. However, the narrative took a remarkable turn in 2023. As macroeconomic pressures began to subside and inflationary concerns abated, a newfound optimism swept through the markets. This positive shift reignited investors’ interest in growth-focused businesses, marking a s ...