ClearBridge Value Strategy Q3 2026 Commentary | EN590 Commodities
EN590 Commodities GroupMarket Analysis 2026-10-09T04:38:00-04:00
U.S. equities posted modest gains in the third quarter, and value stocks extended their lead over growth. The benchmark Russell 1000 Value Index returned 2.6%, compared with 0.9% for the Russell 1000 Growth Index, adding to value's substantial year-to-date advantage. Leadership shifted during the quarter. A sharp momentum selloff in July unwound crowded AI trades and favored value, before growth regained the upper hand in August and September on strong earnings and renewed optimism about AI investment. Two macro forces shaped sector returns within the benchmark. Continued conflict with Iran drove oil prices sharply higher, making energy the benchmark's best-performing sector. Information technology (IT) also performed well, and June's Russell reconstitution gave large technology companies
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