Momentum made up for a lackluster 2019 by providing protection during the volatile market correction, while Value continued to be punished. Momentum remains expensive relative to its long-term history, while Value remains cheap, but neither is outside levels seen in recent years.
Mar
06
2020
Factor Performance During Sell-Off: Momentum Dominates
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![Greg Swenson / Sr. Research Analyst & Co-Portfolio Manager](https://leuthold.imgix.net/leutholdgroup.com/site_files/authors/DSC_4236_LR_Greg.jpg?h=150&w=150&fit=crop&fp-y=.15)