Data Assets & Alpha Group: Diving Into US Equities (Positioning, Catalysts and the Path From Here)
Making Sense
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The Long-Term Outlook for US Stocks
Drew McReynolds: At a macro level, it's hard to argue that there is one big skew here. But at a more micro level, if you look at something like momentum in the US, it's performed very well as a factor and it's become correlated with this whole sickles defensive trade. The thing that looks a bit dislocated is the potential for a rally to continue led by cyclicals - which would probably be a bigger pain trade than many other versions of this. And still, I think to be determined, given at least tech on the positive side in the US is still performing pretty well; will likely minimize how much momentum sells off if it continues to do
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