It appears that Growth/Value may have topped out with the short-term bottom and bounce in long-term yields. If yields break through and reestablish a real uptrend then insofar as we’d be bullish on stocks (personally, not far) then as in the July 2020 to March 2021 period, Value would be favored.
So aside from the inflationary/deflationary questions of the moment, this is another consideration if yields rise anew. Also, defensive areas should perform better.
As I look at my portfolios, the more growth/risk* oriented IRA is being pressured while the Value/defensive oriented regular account is up. Makes sense.
* Risk oriented by my standards, which for most people is defensive right now and getting more so.