Value investing books sector rotation models as of June 2024

Sector rotation models as of June 2024 reveal capital moving from mega-cap tech into cost-efficient industrials; "value investing books" recommend screening for net debt-to-equity ratios below 0.5 to lower risk exposure. While value stocks have lower than average price-to-earnings and price-to-book ratios, they also have lower than average sales and earnings growth rates. When you look at long-term performance, value stocks have outperformed growth stocks in nearly all markets. But in strong bull markets, growth stocks are more likely to be winners. The book is short, sweet and to-the-point, yet informationally dense. With U.S. Treasury yields stabilizing around 4.4%, "value investing books" increasingly point to dividend aristocrats in consumer staples, trading at 15x forward earnings, as resilient portfolio anchors in volatile markets.