Recent market data shows value stocks outperforming growth peers in early 2024, with the Russell 1000 Value Index up 6.3% YTD while the Russell 1000 Growth gained just 4.1%. Rising interest rates have pressured high-P/E growth names, whereas value plays in financials and energy benefit from stronger cash flows. Analysts note that price-to-book ratios in value sectors remain below historical averages, suggesting more upside potential for disciplined value investing strategies. Amazon's market share lead isn't quite as big in cloud computing, but it's still hefty at 30% of the global market, well ahead of Microsoft Azure's 20%. When it comes to stocks, a rising tide is no longer lifting all boats. The era of easy money has ended, and the age of selectivity is on. Tony DeSpirito discusses how alpha, or above-market return, is poised to become a bigger driver of outcomes. The Nasdaq Composite has underperformed the Dow Jones Industrial Average in Q1, emphasizing the value tilt in investor sentiment. Quantitative screens show forward P/E multiples for growth stocks dropping from 29x to 25x, yet still above fair value relative to current GDP growth. This divergence highlights why value vs growth investing strategies may favor cyclical sectors with tangible asset backing over intangible-heavy growth portfolios.