Investors should favor growth stocks over value stocks as normalcy returns to the market, according to Ned Davis Research. The CBOE Volatility Index, or VIX , traded at around 17 on Thursday, far below the April 7 peak of 60.13. Heightened trade tensions sent the VIX surging in early April and the S & P 500 tumbling, with investors worried that higher tariffs would tip the economy into a recession. Since then, stocks have recovered sharply as President Donald Trump paused many of the levies unveiled on April 2. The S & P 500 is about 3% below its all-time high set in February. .SPX YTD mountain SPX in 2025 With these changes, Ned Davis thinks growth stocks, which trade on the expectation of strong earnings expansion over several years, should hold a more prominent spot in investor portfoli

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