One of the Most Successful Trading Strategies This Year May Be Coming to an End
Why an Index Tracking Apple, Netflix Fell Last Week
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Investors who've been minting money according to the Wall Street adage that the trend is your friend just got a reminder that nothing works forever.
A Citigroup Inc. index that tracks U.S. momentum stocks like Apple Inc. and Netflix Inc. did something last week it hadn't done since June -- it fell. While still trouncing the Standard & Poor's 500 Index in 2015, analysts at the bank have warned that the strategy is approaching a threshold where rotations have occurred in the past.