The stock market witnessed rampant fluctuations in the first half of 2022, as is evident from the CBOE Volatility Index’s 67.7% year-to-date gains. Federal Reserve Bank of Cleveland President Loretta Mester is backing another 75 bps hike in July, which could further decelerate overall economic growth.
Given this backdrop, value investing is gaining traction among investors. According to Cliff Asness, managing and founding principal at AQR Capital Management, and Rob Arnott, founder, and chairman of Research Affiliates, “value stocks finally have room to run after years of lagging behind.”
