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Takeaways & Key Expectations
Juni 04, 2020

Equity Market Commentary - May 2020

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Takeaways & Key Expectations

Equity Market Commentary - May 2020

Equity Market Commentary - May 2020

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Juni 04, 2020


Value stocks historically garner their biggest outperformance coming out of recessions when they are particularly cheap. Cheap (value) stocks often remain dormant a long period of time before coming to life, and this is particularly problematic in this age of 24/7 account access and performance updates, where investors’ can easily lose patience. But we think the time has come to be overweighted in early cycle companies.

This is what has worked in the past. So then why have so few others embraced it now?

We think it’s classic behavioral finance. People looking backwards instead of at the opportunities ahead.

Click on the PDF to read the full commentary.

Head of Applied Equity Advisors Team
Applied Equity Advisors Team


The views and opinions are those of the author as of the date of publication and are subject to change at any time due to market or economic conditions and may not necessarily come to pass. The views expressed do not reflect the opinions of all investment personnel at Morgan Stanley Investment Management (MSIM) or the views of the firm as a whole, and may not be reflected in all the strategies and products that the Firm offers.

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