ATX Portfolio Advisors®

What do you prefer, to buy the most current technology, styles, and trends or to wait until they go on sale? Those tendencies apply to investors just as they do consumers. "Two ways. Gradually, then suddenly," Ernest Hemingway's character, Mike Campbell, answer to the question about how he went broke in the 1926 novel, "The Sun Also Rises". While there are always lessons to be learned from those that may not have had successful investing outcomes, it is really just Hemingway's choice of words (arguably his greatest asset) that I wish to use as a device for making my point this month. While examining one of America's greatest others' financial misfortunes would likely make for a good blog article, I am going to focus on the resurgence of value stocks in the most recent quarter. You see, growth stocks have had a moment in the sun since 2007. Growth stocks (trendy and expensive) have outpaced value stocks (out of favor and less expensive) in 12 of the 17 years since 2007, or about 70% of the time. That stands in stark contrast to the longer term trend where value has beaten growth about 60% of the time since 1927. In Q3, value beat growth by 3.82% and year to date by 1.98%. Since 1927, value has beaten growth by an annual average of 4.07%. Even more impressively, in the 58 years that value "won", the average outperformance was 14.83%! All that is to say that perhaps this is just a blip in a trend that has greatly favored the Teslas and Nvidias over the Fords and Intels, or it could be a gradual shift that will suddenly be upon us. Time will tell. See more about this and other recent market events in my Q3 2024 Market Update. https://lnkd.in/gSkkKUMa

Another great quarter for Large Cap Growth in the US, but Value and Small Caps led outside the US. https://lnkd.in/dYxameMA

In a move that stunned the college sports world, Texas A&M head baseball coach Jim Schlossnagel departed the Aggies one day after playing in the College World Series finals. Most observers would have been surprised by such a move in any similar circumstance, but his departure into the burnt orange sunset 90 miles to the west was shocking and felt akin to other flimflams I have witnessed over the decades as an investment advisor... https://lnkd.in/gVBiQ_Wy

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While the polls and the pundits will inevitably generate discourse regarding the potential ramifications for financial markets, should you allow elections to impact decisions regarding your long-term investments? https://lnkd.in/g6suPBAG

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