Quant Style Slump That Strategists Foretold Finally Arrives
- Momentum sees biggest two-day loss since November 2016
- From technology stocks to drugmakers, market leaders slump
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If you’ve been cursing at technology stocks for the past two days, there’s another corner of the market that’s perhaps just as deserving of your anger.
It’s called momentum -- quant jargon for stocks that have performed the best over the past year or so -- and it’s gone through a rare bout of pain this week.