Momo Massacre? Nasdaq Is Crashing As Major Factor Reversal Strikes
While the catalyst for this sudden move is unclear, the fact is a notable regime shift is underway today in factors as the long-momo-short-value trade is reversing fast as Treasury yields tumble.
Is this the start of a September-like reversal?
Notably the almost incessant rise in low-vol strategies is getting hammered today…
As all the insane high-flyers are getting hammered…
And that is weighing down the overall market…
And Nasdaq is collapsing…
With 30Y Yields back at their lowest since Sept 2019…
A notable break in the correlation between rates and momentum…
And Gold continues to surge…
Is reality finally setting in?
Tyler Durden
Thu, 02/20/2020 – 11:22
via ZeroHedge News https://ift.tt/2wyIMUu Tyler Durden