Goldman Says Wall Street's Momentum Trade Just Crashed. Here's Where It's Moving Next

Goldman data cited by Mike Zaccardi shows the S&P 500 momentum factor has logged one of the steepest three-week sell-offs on record, signaling a sharp momentum reversal unseen since the early 1970s. The move suggests weakening investor momentum and a near-term risk-off tilt for momentum-oriented exposure, though it’s not yet tied to a specific earnings or policy catalyst.

Analysis

Goldman data cited by Mike Zaccardi shows the S&P 500 momentum factor has logged one of the steepest three-week sell-offs on record, signaling a sharp momentum reversal unseen since the early 1970s. The move suggests weakening investor momentum and a near-term risk-off tilt for momentum-oriented exposure, though it’s not yet tied to a specific earnings or policy catalyst.