3 Momentum Anomaly Picks as Recession Fears Spur Volatility

After witnessing a steady uptrend over the past few weeks, the broader U.S. equity markets fell sharply in the last few trading days due to fears of recession. The sell-off was triggered mainly by weaker-than-expected job market data with nonfarm payrolls growing by just 114,000 last month compared with broad-based expectations of 185,000 job additions. With the unemployment rate increasing to 4.3%, investors feared that the Federal Reserve's prolonged high-interest rate regime led to dismal job market cond ...