Factors Say it’s a Bottom – For Now
- Joseph Mezrich
- Aug 9, 2024
- 1 min read
Two notable features of the 2024 market rally were the power of momentum and the dominance of large-cap stocks. The market peaked on July 16, but momentum and size peaked a week earlier, on July 9. The market now looks like it bottomed on August 5. That’s about a week after momentum and size bottomed on July 30.