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Jan 08 2021

Momentum Across Asset Classes

  • Jan 8, 2021

In the extreme case where one possesses no other information beyond last year’s total returns, the best single-asset strategy has been to buy the second-best performer (the “Bridesmaid”) and hold it for the next twelve months in hopes that the prior year’s momentum will carry it through. That approach has beaten the S&P 500 by 3.7% annualized over the past 48 years. 


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About The Author

Doug Ramsey / Chief Investment Officer & Portfolio Manager