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Tech stocks make up the market's most richly valued sector because of expectations for strong earnings growth in the sector.
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All of which means that REITs, who are one of the most attractively valued sectors on Wall Street, remain a great place for conservative high-yield investors to turn to in these deeply uncertain times.
"But there is improving momentum in the value sector".
Growth in the discount and value sector helped Northern Foods to report an increase in sales last year.
Mr. Henning is cautiously optimistic, about both the market and his favored small-cap value sector.
He said the retailer was "committed to leading the value sector".
That recent experience is an important reminder that the small-cap value sector can be risky.
Yet historical precedents suggest that the small-cap value sector deserves serious attention.
The company said the discount and value sector had driven growth last year and now accounted for a fifth of sales.
The small-cap value sector continued its outperformance during the initial 12 months after those 13 market bottoms.
Yet, for decades afterwards, more subtle limits on "the value sector", as it was a little dismissively known, endured.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com