Value stocks have outperformed for the last 12 months, or even longer and value investors are finally getting optimistic again. After a decade when seemingly only momentum strategies would work, are we heading into a new golden age for value investing?
hope you are right. But inflation will naturally tend lower when the basis is higher. Therefore your prediction made sense :-).
Brilliant work Joachim!
Thanks, Joachim. What form of Fama French quality are using here? Is it profitability or investment?