Higher yield pressure sees value stocks outperform growth counterparts
Macroeconomic/ geopolitical developments US headline CPI data leapt by 1.2% in March, with the year-over-year rise at 8.5%, above consensus expectations to a four-decade high. More hawkish comments from Charles Evans of the Fed (historically a dove) regarding accelerated rate hikes echoed the comments the prior week from another dove, Lael Brainard. The European Central … Continued