Many major strategists have been very vocal about their expectations that value will outperform growth for the rest of this year and the following 12 months. One particularly iconic one predicted that small- and mid-cap will significantly outperform large cap. Yet, no one knows when that inflection point will be. Our models indicate that for IWF and large cap tech stocks, that correction may still be one year away.
Investor disappointment at Lyft Inc’s growth outlook underscores the pressure for rival Uber Technologies Inc to show potential backers of its initial public offering that it can expand services such as food delivery even as its core ride-hailing slows down. Lyft posted its first results as a public company, one of the last data points for investors ahead of Uber’s IPO this week. Lyft, a smaller company, said growth was slowing and losses would shrink after this year.