‘President T’ Could Easily Derail the Whole Thing: Taking Stock
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The combination of Salesforce’s blowout, which was not the death knell that some may have prognosticated, and Powell walking back the "long way from neutral" remark took the market and anything remotely considered high beta through the roof.
At the end of the day, momentum, if you go by the $9.4 billion iShares Edge MSCI USA Momentum ETF, or MTUM, actually had its best day in more than three years. Growth meanwhile had its best session in over six months, if you go by the $21.2 billion iShares S&P 500 Growth ETF.