The first are last and the last are first as the recent rout in momentum stocks continues.
Momentum stocks—those issues with strong price gains over the past six months or a year—are getting hit. Those that haven’t performed as well are gaining. At the same time, value stocks are besting their growth counterparts.
A so-called long/short index of momentum stocks was down almost 4% Tuesday, one institutional investor told Barron’s. Momentum has been the worst factor Tuesday among stocks, while value has been one of