Effects of the Middle East conflict continue to reverberate through the global economy, but for the strongest performers among US equity factors, the war has been little more than an afterthought.
Momentum and high‑beta have rallied sharply since the war started and are outperforming the broad market by a wide margin, based on a set of ETFs through May 5’s close.
Spending on artificial intelligence is said to be another bullish driver.
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War? What war?
The effects of the Middle East conflict continue to reverberate through the global economy, but for the strongest performers among US equity factors, the war has been little more than an afterthought.
