Difficulty: Moderate 1) Recap: Key Differences between Growth and Value Stocks 2) Value Stocks are at its cheapest relative value to Growth Stocks since the Dotcom Bubble 3) Key Catalysts for Value Stocks Appendix 1: Polling data shows Biden leading Trump by a wide margin of 9.8 percentage points The InvestQuest View We see a bullish case for “Value Stocks”. In addition to trading at its cheapest relative valuation to “Growth Stocks” since the Dotcom Bubble, we believe that we are due for a style rotation catalyzed by, 1) the increasing probability of a Democratic Sweep of the US Presidency and Congress and, 2) a successful Covid-19 vaccine being announced. Year-to-date, Energy has been the worst performing sector. In a subsequent article, we will review if this value-oriented sector warrants an investment. 1) Recap: Key Differences between Growth and Value Stocks To explain this, consider two stocks Altria (a Tobacco company) and Netflix. Most of us would agree that the Tobacco industry is in a mature phase. ...