Opinions
Larry Berman CFA, CMT, CTA
Fidelity US Value ETF
FCUV-T
PARTIAL BUY
Jan 13, 2025
$20.270
Stock price when the opinion was issued
0
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Value has been underperforming growth in a big way for the better part of a decade. There will be periods, from time to time, when value beats growth. If the markets are going to be softer and weaker, and we are going to get a broadening out of earnings in the tech sector, then 2025-26 is likely to see $$ coming out of higher-priced tech names and into value stocks. At that time, value (banks, energy, industrials, lower PEs) will perform better than growth, no matter who the fund manager is.
So you have to make a market call. Right now, he's neutral on that strategy. He wouldn't be tremendously overweight value, but at the same time having some exposure would make a lot of sense.