Why does a value investing strategey outperform a growth investing strategy in the aftermath of a recession?
Wouldn’t you want to rotate from a value to a growth strategy as the economy begins to expand (i.e. in the aftermath of a recession)?
In the answer explaination it also notes that cyclical stocks tend to outperform non-cyclical stocks in the aftermath of a recession which makes sense because cyclical earnings would rise during economic expansions, but I can’t wrap my head around the Value vs. Growth.
Thanks in advance for any input!