These 7 'left for dead' value stocks will outperform while the tech trade unwinds in an imminent recession, according to a fund manager who beat 99% of his peers last year
combine to turbo-charge the market. The S&P 500 is up 13% year-to-date, and has risen 4.5% in June alone."I think this is 2021 all over again," Frank said in a recent interview with Insider."There's a tremendous amount of hype. It's been completely priced in that the winners will win everything forever, and yet the minute something bad happens — the Fed raising rates or inflation or even a recession — there has to be a complete reversal in the leadership.
The mid-cap fund, which Frank has single-handedly managed for nearly 19 years, has outperformed 74% of its peers in 2023, according to Morningstar. Its 5.5% year-to-date gain is a solid encore to 2022, where it finished in theValue stocks are currently out of favor with investors, Frank said, though he expects that to soon change as valuations come back into focus while the economy continues to weaken.
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