Tom Lee, head of research and managing director of Fundstat Global Advisors, predicts that “we’re in a six-to-12 month period where value will beat growth.” He points to a weakening dollar and healthcare losing its leadership in the market. He notes that “five of five times since 1990,” when healthcare loses its leadership position, “value starts to outperform growth.” Lee maintains S&P will be at 2,325 by the end of the year, pointing to the effects of a weakening dollar and other factors. “The market has a massive synthetic short position right now,” he said, pointing to July 2010 and October 2011 as the last times these circumstances existed. “Look at the three-month returns subsequently, 13-20%,” he said. “I think we’re going to melt up until the end of the year”.