Everything has a cycle. Sometimes there are prolonged periods where large-caps stocks outperform mid-and small-caps, as has been the case for the past decade. Sometimes domestic stocks outperform international equities, which has been the case for the past decade as well. And sometimes, value investing outperforms growth. To that end, I’ve noticed something curious happening right now, which could be nothing. Or it could be a signal of a cycle that is just starting to change. Look at the price r