Growth stocks are outperforming value stocks

 Growth stocks are outperforming value stocks. 

Looking at the relative strength of The SPDR Portfolio S&P 500 Growth ETF (SPYG) vs. The SPDR Portfolio S&P 500 Value ETF (SPYV), growth stocks are outperforming.

Using a 50 day relative strength moving average (RSMA), and a 200 day relative strength moving average (RSMA), the 50 day RSMA crossed above the 200 day RSMA on July 30th. The 50 day RSMA is trading 4.1% above the 200 day RSMA. Stock chart below.

SPDR S&P 500 Growth Stocks ETF (SPYG) relative to SPDR S&P 500 Value Stocks ETF (SPYV)