Carlyle Group: Shares Appear Cheap, But A Downtrend Persists

Private equity stocks and companies involved in the capital markets have suffered as fewer deals have been sought and secured in 2022. I notice, however, that the Invesco Global Listed Private Equity ETF (PSP) has rallied to its best level in five months. The move has also outperformed the latest jump in the S&P 500 ETF (SPY).

One of the fund’s holdings reported a strong quarter last week, but the stock traded lower. Is Carlyle (NASDAQ:CG) a value here?