2-12-26 The Value Rotation Illusion

“Value is back,” the headlines say—so investors r…

An episode of the The Real Investment Show (Full Show) podcast, hosted by Lance Roberts, titled "2-12-26 The Value Rotation Illusion" was published on February 12, 2026 and runs 48 minutes.

February 12, 2026 ·48m · The Real Investment Show (Full Show)

0:00 / 0:00

Summary

“Value is back,” the headlines say—so investors rush from mega-cap growth into “boring” staples, utilities, and healthcare. But here’s the problem: sector labels aren’t valuation metrics. In many cases, the so-called “value rotation” is an illusion—because investors may be rotating into expensive stocks while selling the actual value hiding inside “growth.” Lance Roberts & Michael Lebowitz break down why value and growth aren’t mutually exclusive, and why the market’s favorite shortcut—“defensives = value, tech = growth”—can lead to costly portfolio mistakes. 0:00 - INTRO 0:19 - Employment Numbers Surprise 6:01 - Why We're Setting Up for a Dollar Rally 14:05 - Gasoline Price Comparisons 15:59 - Value Stocks & Market Rotations 19:36 - Defining "Growth" vs "Value" 21:22 - Buying the Future, not the Past 22:38 - The Problem w Forward Earnings 28:06 - How Passive Flows Drive Markets Higher 32:01 - Overbought Markets Can Remain So for a Long Time 35:01 - How the Dow Industrials Have Shifted 37:57 - Employment is Not as Strong as Hoped (It's garbage) 39:57 - Expect Revisions Next Year 43:11 - Friday Inflation-Truflation Report Preview 45:34 - ISM Index Anecdotal Evidence Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w Portfolio Manger, Michael Lebowitz, CFA Produced by Brent Clanton, Executive Producer ------- Register for our next Candid Coffee, 2/21/26: https://streamyard.com/watch/Wq3Yvn9ny5GV ------- Watch Today's Full Video on our YouTube Channel: https://youtube.com/live/2133YnloEBo?feature=share ------- Articles mentioned in this report: "BLS Labor Report Defies Consensus" https://realinvestmentadvice.com/resources/blog/bls-labor-report-defies-consensus/ --- Watch our previous show, "Q&A Wednesday: You Ask 'em, We'll Answer," here: https://www.youtube.com/watch?v=6sI0zNQTCyE&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- The latest installment of our new feature, Before the Bell, "Dollar Rally Risk - Overbought Markets," is here: https://youtu.be/ioOGa5YHzDI ------- Visit our E-book Library (no library card required!) https://realinvestmentadvice.com/ria-e-guide-library/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #USdollar #MarketTechnicalAnalysis #MeanReversion #PortfolioRiskManagement #GoldAndSilver #ValueInvesting #StockMarket #PortfolioStrategy #Valuation #InvestingEducation