HISTORIC SELL-OFF FOR MOMENTUM IN JULY Goldman Sachs High-Beta Momentum Index down -24% month-to-date through first half of July, the worst performance since Apr 2009. Morgan Stanley Tech Momentum Index 17-day rate of change down -35%, worst ever recorded thru 27-year history.
Momentum indices from Goldman Sachs and Morgan Stanley have experienced historic sell-offs in July, with the worst performance since 2009 and the worst ever recorded in 27 years.
HISTORIC SELL-OFF FOR MOMENTUM IN JULY Goldman Sachs High-Beta Momentum Index down -24% month-to-date through first half of July, the worst performance since Apr 2009. Morgan Stanley Tech Momentum Index 17-day rate of change down -35%, worst ever recorded thru 27-year history.
The scariest chart on Wall Street right now is actually one of the best buying signals in years (Save this). The Morgan Stanley Tech Momentum Index just hit a 17 day rate of change of -35.9%, the worst reading in the index's entire 27 year history. The Goldman Sachs High-Beta Momentum Index is dow