The US stock jumped to another record high yesterday, providing more fuel to keep the momentum factor sizzling. All the major factor strategies are posting solid one-year returns these days, but momentum’s trend remains a bullish outlier, based on a set of proxy ETFs.
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Trump expected to extend sanctions relief to Iran: Reuters
German Chancellor Merkel’s party achieves breakthrough to form gov’t: Reuters
Trump’s crude comments about immigrants trigger int’l reaction: BBC
China-N. Korea trade fell sharply in 2017: CNBC
Citing tax reform, Wal-Mart boosts minimum wage to $11/hr: Bloomberg
Wal-Mart announces it’s closing dozens of its Sam’s Club stores: USA Today
US jobless claims rise to highest level since September: Dow Jones
Producer price inflation in US slips in Dec–first decline since 2016: TheSteet.com
Brent crude briefly tops $70/bbl for first time since 2014: Reuters