FlowBank

1255 days ago • Posted by Charles-Henry Monchau

The Momo massacre

The whole market (hedge funds, retail investors, etc.) were long the same "Momentum" stocks (Tech, "stay at home", etc.). As the Pfizer news came out, a giant rotation took trade as investors start closing their long "momentum" positions and moved into the value and "trash" stocks. As such, the "market neutral momentum" index suffered its worst day on record yesterday – by far. Source: www.zerohedge.com, Bloomberg 

#Stocks
US equities Market-neutral Momentum index
bg_newsletter