This translation has been automatically generated and has not been verified for accuracy.The four-week rout that has pushed Wall Street into a bear market has yet to be a godsend for investors who specialize in hunting through rubble for bargains.
“A lot of the value space is in the crosshairs,” said Jim Paulsen, chief investment strategist at The Leuthold Group in Minneapolis. Over the past decade, the performance gap between the Russell 1000 Growth index and Russell 1000 has widened considerably, as investors have flocked to growth names such asAlthough the weighting of the energy sector has decreased as the stock prices of companies in the space have declined along with oil prices in recent years, the group still holds a much larger position in value indexes than growth.
“I see some of these prices on energy stocks and you just say oh my god, at least for a trade, at some point this is just a brilliant trade,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.
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