A $10 Billion Rebalance Is the Talk of Wall Street: Taking Stock
Wall Street, New York
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Momentum took a breather, and that’s ok.
As measured by the $9.4 billion iShares Edge MSCI USA Momentum ETF, or MTUM, the group saw a modest pullback yesterday, which is an acceptable outcome given that it just had its best day in over three years; the bulls can thank Salesforce and Jay Powell for that.