Wall Street lived a tale of two markets this week.
Once-popular momentum trades that showered investors with outsize rewards last year finally hit the skids. Wednesday was the worst single-day showing for popular momentum stocks since 2022, based on the performance of Goldman Sachs’s U.S. High-Beta Momentum Index — although the index rallied back to finish the week essentially unchanged.
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Wall Street’s wild week rattles investors’ confidence while highlighting a growing divide within markets
Wall Street lived a tale of two markets this week.
Once-popular momentum trades that showered investors with outsize rewards last year finally hit the skids. Wednesday was the worst single-day showing for popular momentum stocks since 2022, based on the performance of Goldman Sachs’s U.S. High-Beta Momentum Index — although the index rallied back to finish the week essentially unchanged.