US market correction shifts valuations below fair value​

The US stock market has experienced a significant correction, with the Morningstar US Market Index declining over 12% since late March 2025. This downturn has shifted the market from being "priced to perfection" to trading at a discount relative to Morningstar's fair value estimates. The sell-off has been particularly severe in growth stocks, which have fallen 17.54% year-to-date, while value stocks have shown more resilience, declining only 5.06%. Contributing factors include higher-than-anticipated tariffs announced by President Donald Trump, leading to revised economic forecasts: GDP growth...