Long/Short Momentum Factor Returns Around 3-Month Rallies of 20%+ The AI trade is following the classic Momentum rally pattern, but with volatility at levels rarely seen outside recessions. Image: Goldman Sachs Global Investment Research
Risk Appetite Indicator Level and Momentum Factors Goldman Sachs’ Risk Appetite Indicator increased again, keeping markets firmly in risk-on territory. Image: Goldman Sachs Global Investment Research
U.S. Quality vs. Momentum Equities Since the March lows, momentum has taken the lead over quality, backed by strong earnings prints and positive price action. For now, investors are sticking with companies that deliver on both earnings and momentum. Image: J.P. Morgan Asset Management
Relative Total Return Performance S&P 500 Momentum vs. Low Volatility Stocks The ratio of S&P 500 momentum to low volatility stocks is nearing Tech Bubble peaks, pointing to a tech-fueled late cycle. The trend can extend, but it also heightens the risk of a more abrupt downside if that leadership falters. Image: Goldman Sachs Global…
Return – Dow Jones U.S. Thematic Market Neutral Momentum Index With a remarkable 31% return in 2024, momentum investing has emerged as a standout equity strategy, poised for its best year since 2002. Image: Bloomberg
S&P 500 – Factor Signal for Market Peaks Based on Quality, Momentum, and Valuation The combination of quality and momentum factors outperforming vs. history, along with elevated valuations, could signal that the market is approaching a peak, prompting investors to adjust their portfolios accordingly. Image: BofA US Equity & Quant Strategy
European Stocks – Euro Area M1 Momentum vs. Euro Area PMI Momentum Should investors be bearish on European stocks? Image: BofA Global Research
Relative Forward P/E of Value vs. Momentum Is it time for investors to favor value stocks? Image: BofA US Equity & Quant Strategy
Net % Overweight Equities vs. Global PMI Momentum Global PMI momentum is expected to turn negative over the coming months. Image: BofA Global Research
Cross-Asset Momentum Indicator (Risk-On Cross Asset Breadth) The cross-asset momentum indicator has turned negative. Image: Deutsche Bank Asset Allocation
Momentum Signals for Bitcoin Is the Bitcoin fever starting to break? Image: J.P. Morgan