Back in October, I was hopeful that a rotation out of highflying technology stocks and into cheap laggards would help to support the market. I was wrong. The cheaper stocks—known as “value” stocks—fell less far, but failed to prevent a much broader rout. Worse, the rotation itself lasted little more than a week at the start of October, and this year, the normal postcrisis pattern of value underperformance has resumed.

Source: Wall Street Journal March 16, 2019 16:18 UTC