The ETF Portfolio Strategist: Saturday, May 1

Is this the start of an extended correction? No one should rule out the possibility after widespread gains for most markets for much of the past year. But the strong upside momentum in all four benchmarks (per the MOM score in the table above) suggests otherwise.

Granted, there are still plenty of things that could go wrong, starting with a global pandemic that’s still not under control. But if recent trending behavior is a guide, there’s still more upside left for multi-asset-class strategies. 

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Disclosures: None.

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