MOMO Wins

Hello All,

The indices are all nearly back to new ATHs after the CPI report today, but small-caps remain the laggard thus far to start the week… mostly due to the factor of higher yields weighing in on small-caps, especially today with the reversion we saw in the 10Y post CPI.

Since the start of the year, MTUM (momentum ETF) has remained in this channel a…