JPMorgan: Momentum rotation isn’t a ‘quant quake’ yet

Near record high: Traders work the floor of the New York Stock Exchange. In the past week, the S&P 500 Index rose 1% to retake the 3,000 level and come within 1% of its record high, and the Cboe Volatility Index fell to 13.74, its lowest close since July 29. — AFP

SINGAPORE: The market rotation into momentum and value assets has left some losers in its wake, but it’s no “Volmageddon” like February 2018, according to JPMorgan Chase & Co.

The big shift has garnered attention as investors try to figure out what’s behind the move and the implications for funds. Bonds have had a rough month so far, with yields on 10-year Treasuries surging 40 basis points since the beginning of September.