S&P 500 pure value stocks' earnings growth outlook is significantly stronger than the earnings outlooks for growth stocks, which should support continued rotation into value shares. Constituents of the pure value index are currently expected to record 50% EPS growth relative to 21% growth pure growth EPS in the year ahead, mostly because of easier comparisons, but should persist into 2022, according to the analyst consensus, giving the style rotation stronger legs. The growth spread between styles may be compounded if economic growth improves even more than expected in 2021 with a fiscal spending package, and if policy support is paid for with tax reform that works to the detriment of EPS for the largest multinationals in the index, most of which are growth stocks.