Capital Markets: Observations & Insights
Prices and Fundamentals Converge
• Last year, stock prices and fundamentals diverged as investors positioned for perceived changes following the U.S. presidential election • This year fundamentals took center stage again, which has been reflected in stock prices
Growth Relative to Value
Source: FactSet as of 9/30/2017. S&P 500 Growth and Value Indices used to represent Growth and Value stocks. Fundamentals are LTM EPS.
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