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US Value Stocks Trail Growth Stocks By An Alarming 8% In 2023: Why Is The Value Style Underperforming Again?

The first four and a half months of 2023 have been broadly positive so far for U.S. stocks, with the S&P 500 index, which is closely tracked by the SPDR S&P 500 ETF Trust (ARCA: SPY), gaining 8%.