“People who are in their twenties will be thinking that old economy stocks are losers. But there will come a time for them. Amazon won’t be disrupting every sector. They won’t be building roads, they won’t be constructing homes,” Moore added.
Moore said it was only time “before this crowded long (position) unwinds.”
Investors who are interested in rotating out of the growth style and into the value theme have a number of options to choose from. Plain vanilla index ETFs that track the value theme have underperformed so far this year. The iShares Russell 1000 Value ETF (NYSEArca: IWD), which tracks value stocks taken from the large-cap Russell 1000 Index, rose 1.6% year-to-date. The Vanguard Value ETF (NYSEArca: VTV), which tracks the CRSP US Large Cap Value Index, increased 3.2%. The Invesco S&P 500 Pure Value ETF (NYSEArca: RPV), which tracks value stocks taken from the S&P 500 index, gained 2.9%. In contrast, the benchmark S&P 500 advanced 6.9% so far this year.
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