Conversely, #ValueOriented investments face #headwinds, with the #SP500ValueIndex, alongside the #ConsumerDiscretionary, #ConsumerStaples, #Energy, #HealthCare, & #RealEstate sectors, anticipated to post⏬.

The #SP500GrowthIndex is predicted to⬆️this yr & next, while the #SP500ValueIndex may⬇️before recovering. The #SPMidCap400 & #SPSmallCap600 are also expected to experience⬇️before rebounding. The #SP500's P/E on the next-12mo EPS is now @ a premium compared to its avg since 2005.

For all of 2023, the #SP500 is now forecast to record a 0.9% ⤵️ followed by a 12.4% jump in 2024. The #SP500GrowthIndex is expected to show a 7.2% rise in EPS this year and an 11.0% gain next year, while the #SP500ValueIndex is seen ⬇️ 4.6% & then recovering 13.6%, respectively.

The #SP500 is now forecast to record 4.9% growth in 2022 & 2.0% in 2023. The #SP500GrowthIndex is projected to post a 3.7% rise in #EPS for 2022 and 11.7% in 2023, while the #SP500ValueIndex is seen gaining 4.4% in 2022 but declining 2.8% in 2023.

...In June, 5 of 11 sectors fell by more than 10% & the #SP500ValueIndex tumbled by twice Growth's slide. Also, the #TechSector proved to be a relative outperformer. This time, the Growth group's decline was more than 3X that of Value, & only 2 sectors fell by double-digits...

..At the end of Aug the 12mo price rtn for the #SP500GrowthIndex was 35 percentage points higher than the #SP500ValueIndex. This month-end difference was the widest since these indices were created in the mid-1970s & well above the high set during the #TechBubble in late 1990s...