Using data from AQR, I was able to show the correlation between inflation and value stock outperformance from 1936 to present. While historically, high inflation led to high outperformance of value stocks over growth, the 2020 coronavirus market crash plummeted the running performance of value stocks way below what the inflation rates at the time would imply:
https://preview.redd.it/15e745uvb2k51.gif?format=mp4&s=06f73bfcee23730c467ba4ca9dfba0bd55f7f923
Submitted September 10, 2021 at 02:17AM by likewang https://ift.tt/2YzU7S2
