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Goldman Sachs' trading desk points out that the internal structure of US stock momentum factors is undergoing significant changes. The report states that the overlap between 12-month winners and 3-month winners has fallen to multi-year lows, while th

2026-08-20

Goldman Sachs' trading desk points out that the internal structure of US stock momentum factors is undergoing significant changes. The report states that the overlap between 12-month winners and 3-month winners has fallen to multi-year lows, while the overlap between 12-month winners and 3-month losers is nearing high levels, causing the 3-month momentum portfolio to begin deviating significantly from the 12-month momentum portfolio. This change is already reflected in sector weighting. Software currently has the largest weighting on the 3-month momentum bullish side and also the largest weighting on the 12-month momentum bearish side. On the same trading day, semiconductors fell by about 6.5%, while software rose by about 1%, indicating that market sentiment regarding "who the new winners are" within the technology sector is shifting.

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2026-08-19

Moderna (MRNA.O) saw its pre-market gains widen to as much as 80%.

Moderna (MRNA.O) saw its pre-market gains widen to as much as 80%.
2026-08-19

Decision Desk HQ says Democrat Mary Peltola will advance to the Alaska U.S. Senate race.

Decision Desk HQ says Democrat Mary Peltola will advance to the Alaska U.S. Senate race.
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