Betting against momentum and large-cap growth continues to be a losing proposition, at least in relative terms, for positioning US equity portfolios in 2024, based on a set of factor ETFs. These risk premia have dominated for much of the year and it’s not obvious that the trend is set to change, based on trading through Oct. 2.
Daily Archives: October 3, 2024
Macro Briefing: 3 October 2024
Hiring at US companies rebounded in September, according to the ADP Employment Report. “Job creation showed a widespread rebound after a five-month slowdown,” notes ADP Research. “Only one sector, information, lost jobs. Manufacturing added jobs for the first time since April.”
