Despite a turbulent run for the US stock market over the past two months, the growth factor’s edge is intact by a solid margin relative to value, based on a set of ETFs. Although year-to-date equity returns generally have been trimmed recently, the growth-value divide remains stark, with the former still posting a healthy gain in 2018 while the latter has deteriorated to a slight loss.
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Senate votes to punish Saudis for Khashoggi death: LA Times
Ukraine minister: Russia blocking Ukrainian Azov Sea ports: Reuters
Democrats nominate Pelosi as Speaker of the House: NY Times
Brazil backs out of hosting next year’s UN climate summit: The Hill
Morgan Stanley’s chief US economist: Trump can’t fire Fed chair: CNBC
US life expectancy fell in 2017: Bloomberg
Fed Chair Powell calls for gradual rate hikes: MNI
New US home sales fell to 2-1/2 yr low in Oct: CNBC
US trade deficit widened in October: MW
Fed’s 5th district mfg activity grew at moderate pace in Nov: Richmond Fed
Revised GDP data: US economy expanded at 3.5% in Q3: MW