3 Momentum Anomaly Picks as Sticky Inflation Troubles Markets

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. Core Personal Consumption Expenditures (PCE) price index for February was up 0.3% month over month, in line with broad-based expectations. On a year-over-year basis, Core PCE increased 2.8%, which was way above the Fed’s 2% inflation target.This propelled the benchmark 10-year Treasury yields to their highest ...