Momentum is losing the momentum-reversal competition
- Joseph Mezrich
- Aug 22, 2024
- 2 min read
Momentum was a driving force for the market in 2024 until momentum peaked on July 9. Momentum resumed its upward climb at the end of July, and the question now is whether momentum will continue to be a force, perhaps driving the market upward as it did before the summer. The problem with expecting sustained momentum strength is that reversal has consistently performed well since mid-June. Momentum means stocks are trending; reversal means stocks aren't trending. They shouldn't both continue to work well.
