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BUYING BETA OR BUYING MOMENTUM?

19 June 2009 by Cullen Roche 2 Comments

Conflicting signals out of yesterday’s market data.  While low beta sectors such as utilities and healthcare spiked higher we saw strong money flows out of the S&P and into higher beta names such as the Nasdaq 100 and Chinese Index Fund FXI.  My guess is investors are continuing the momentum trade into tech and emerging markets while selling S&P against it.

sellbeta

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