Excerpt from The Wall Street Journal quoting DataTrek:
…. “‘Big tech’ continues to work despite the shift out of momentum names because only one, Microsoft, actually fits that bill,” DataTrek co-founders Nicholas Colas and Jessica Rabe said in a note. “All of the volatility in Apple, Facebook and Alphabet over the past year has actually insulated these stocks from the recent ‘momentum meltdown.’”
Read the full article here in the WSJ!