S&P 500 Likely to Test Record High, CMC's McCarthy Says

The video discusses the current state of equity markets, highlighting them as the least worst option for investors due to negligible returns on cash and bond sell-offs. It notes a shift in market trends, with small caps outperforming growth stocks, and emphasizes the decline of momentum trading. The focus is on value investing and small caps as key strategies for the next 12 months, given the difficulty of buying stocks at all-time highs.

What does the text suggest about the future of value stocks over the next 12 months?

According to the text, what challenges do investors face when buying stocks at all-time highs?