Loading ...y, while policy uncertainty has hit record highs, equity market uncertainty remains delusionally low…
Source: Bloomberg
But the yield knows better what is to come…
This is now the biggest collapse in the momentum factor since the dot-com era and the financial crisis quant crash…
Source: Bloomberg
How long before this weighs more directly in the broad index?
Source: Bloomberg
And as momo collapses, Treasury yields are soaring as CTAs are forced to dump bonds…
Source: Bloomberg
: Bloomberg