FYI: Slice the rally however you want: chips, Nasdaq, retailers, banks. But 2017 will go down as the year an investment strategy based on nothing more than sticking with winners shined brightest.
Regards,
Ted
Long momentum, when traders simply buy shares that are rising the fastest, returned 38 percent in 2017, the strongest advance since 1999. Paced by firms like Square Inc. and Align Technology Inc., the strategy came within an inch of surpassing its advance the year before the dot-com crash.
