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Revival Of Value Stocks And Index Rebalancing Towards Cheaper Cyclincal Stocks – Investment Watch


Global momentum stocks just got a whole lot cheaper.
The forward price-earnings ratio on the MSCI World Momentum Index a gauge of the best-performing stocks slumped to 18 times last week from more than 30 times after a scheduled rebalancing.
The trigger was the change of leadership in the global stock market, with cheaper economically-sensitive shares taking over from expensive growth ones. 
An MSCI gauge of global value stocks is up 16% this year compared with just 6% for the growth equivalent  meaning the reshuffle in the momentum basket favored the cheaper cyclical shares.
A $16 billion exchange-traded fund is set for a monster makeover this week in favor of value shares over tech as it chases the hottest trends on Wall Street. ....

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Oktibbeha sheriff's office searching for missing man


Oktibbeha sheriff’s office searching for missing man
By Dispatch Staff Report • May 26, 2021
Darryl Christopher Harvey
Oktibbeha County Sheriff’s Office is searching for a missing man.
Darryl Christopher Harvey, 39, last reported to work May 15 and was last seen by his brother May 17, Oktibbeha County Sheriff Steve Gladney said. He lives on Self Creek Road.
He is a 5-feet-5, 200-pound white male and drives a maroon 1998 Ford F-150 with an Oktibbeha County license plate, number KT12753.
Gladney said the department believes he could possibly be near Philadelphia, Mississippi.
If anyone has information, contact Oktibbeha County Sheriff’s Office at 662-323-2421. ....

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Dow Closes More Than 450 Points Lower on Inflation Worries -- Update


By Caitlin McCabe, Will Horner and Xie Yu
Investors around the world retreated from stocks Tuesday, with a selloff in technology companies spreading to other sectors as concerns about inflation dragged U.S. indexes down for a second consecutive day.
The Dow Jones Industrial Average tumbled nearly 475 points as investors pulled back bets on many of the financials, industrials and energy stocks that have outpaced the broader market this year. The fall marked the blue-chip index s steepest one-day decline since late February when worries about a sharp rise in bond yields blunted momentum in the stock market.
Concerns about rising inflation have loomed over markets for much of this year as the U.S. economy has heated up, boosted, in part, by pent-up demand and government stimulus. Fears about a sustained jump in inflation have weighed on growth stocks, including those in the tech sector, while cyclical shares have climbed on expectations of a full economi ....

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