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Tuesday, November 5, 2024

Growth Indicator Hitting All-Time Highs, Says Joe Friday

Courtesy of Chris Kimble.

The long-term trend of Growth stocks being stronger than Value Stocks has been up for years and years.

Are Growth stocks attempting to send a new bullish message to stocks of late? Yes, they are!

This chart compares the Vanguard Growth Index Fund (VUG) to Vanguard Value Index Fund (VTV) on a monthly basis over the past 8-years. The ratio trend remains up, as it continues to create a series of higher lows off the 2011 lows.

Joe Friday Just The Facts Ma’am- The VUG/VTV ratio this month is currently above last years highest monthly close. If the ratio continues higher it sends a positive message to growth stocks or value plays.

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