There has been a significant change in the market’s appreciation of value in equities this month. As noted below in January’s results, the Overvalued had outperformed the Undervalued list by 4.7%. This has now reversed and the December Undervalued list is now 2.0% ahead.
This is also reflected in the Screens from January 31st where the Undervalued has outperformed its opposites by 4.9% this month. This indicates a definite change in the tone of the market.