The wildest part of the Value vs. Growth timeline is if all the hot NASDAQ and Growth stock action of 2023, 2024 and YTD proves to be just a fever dream re-test of the Growth cycle's peak in November 2021. The market is testing the 2021 Growth vs. Value highs right now.

I was barely out of high school when the last real multi-year Value cycle commenced. When it comes, if it does so with anything like the ferocity of the 2000-2007 action, I think there are a lot of people in this business who will have no idea what hit them.