Value trade is just getting started beyond the US stock market

For all the dominance of mega-cap growth names, US stocks led the world during the cyclical upswing in the first half of the year - and that means other regions are now primed for a catch-up

As Wall Street ponders the longevity of the value trade after a miserable few weeks of performance in the US, outside of the country it could be just getting started.
 

For all the dominance of megacap growth names, American stocks led the world during the cyclical upswing in the first half of the year -- and that means other regions are now primed for a catch-up.
 

Take Europe. With a far more economically sensitive equity market, a vaccine roll-out finally closing the gap to the US and business activity gathering speed, firms from Lombard Odier to BlackRock Inc. are recommending