FYI: The market rotation into momentum and value assets has left some losers in its wake, but it’s no “Volmageddon” like February 2018, according to JPMorgan Chase & Co.
The big shift has garnered attention as investors try to figure out what’s behind the move and the implications for funds. Bonds have had a rough month so far, with yields on 10-year Treasuries surging 40 basis points since the beginning of September. In the past week, the S&P 500 Index rose 1% to retake the 3,000 level and come within 1% of its record high, and the Cboe Volatility Index fell to 13.74, its lowest close since July 29.
Regards,
Ted
https://www.bloomberg.com//news/articles/2019-09-14/jpmorgan-says-the-momentum-rotation-isn-t-a-quant-quake-yet?srnd=markets-vp
