For investors, 2017 has been the year of the momo trader.
It’s been all about momentum. So far, the best performing sectors – tech, biotech and even bitcoin – have been capital gains-based. Driving that focus on ever increasing gains has been the perception that growth in the economy has returned. And so far, stocks have rallied on that notion.
Except, lately, the wheels have been falling off the momentum wagon.
As data and investor nervousness has taken the “oomph” out of the markets, growth and momentum stocks haven’t exactly been moving like previously. This has caused some prominent investment banks and analysts calling for momentums demise during the second half of the year. And that should make dividend investors smile.
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