Behind the Markets Podcast · Friday, October 23, 2026
Professor Jeremy Siegel noted that the Russell value index and S&P Barra value both reached all-time highs amid a significant rotation out of growth and into value stocks. He pointed out that declining interest rates and the 10-year Treasury yield dropping below 5% largely drove this rotation.
“Russell value index which i believe is about half of the russell 1000 in market value and the s p bara value Both hit all-time highs yesterday. Amid one of the biggest show-offs, we have seen in NASDAQ.”