George Cipolloni of Penn Mutual Asset Management said market turbulence has led to a ‘very noteworthy’ outperformance of value stocks over growth stocks, while a sizable loss in the ‘wealth effect’ has deepened concerns about the state of the consumer

George Cipolloni of Penn Mutual Asset Management said market turbulence has led to a ‘very noteworthy’ outperformance of value stocks over growth stocks, while a sizable loss in the ‘wealth effect’ has deepened concerns about the state of the consumer pic.twitter.com/8CwetkPXjx

— Reuters (@Reuters) March 15, 2025