11th July 2022

T. Rowe Price’s Vohora: Regime change calls for style balance

The past decade has been dominated by growth stocks, in particular the US tech behemoths. The multi-year gains have been fuelled by technology unlocking capacity and superior earnings growth – as well as a favourable macro backdrop with low inflation, low interest rates and abundant liquidity. Strong sentiment further propelled segments of the market to extreme valuations.