3 Momentum Anomaly Picks as Markets Stumble on Inflation Data

The broader U.S. equity markets mostly trended down over the past few trading days on concerns regarding inflation and its consequence on the Federal Reserve’s pledge for a slew of rate cuts this year. The Producer Price Index (PPI) for February was up 0.6% month over month compared to broad-based expectations of a 0.3% rise. On a year-over-year basis, the PPI increased 1.6%, the highest since September 2023.The higher-than-expected PPI reading, widely considered a measure of wholesale inflation, propelled ...