The US stock market surged to yet another record high on Thursday, a new milestone that suggests a rising tide is lifting all equity sectors.
Despite the headline strength in equities, the widening gap between factor winners and laggards underscores how uneven the market’s internal dynamics have become.
Momentum’s dominance and low volatility’s slump suggest investors are rewarding exposure to persistent trends while shunning defensive positioning, even as geopolitical risk remains elevated.
FabrikaCr/iStock via Getty Images
The US stock market surged to yet another record high on Thursday, a new milestone that suggests a rising tide is lifting all equity sectors. Yet reviewing the market through a risk-factor lens tells a more nuanced
