Nothing like a rally into the close to get investors ready for the weekend. US indices traded modestly in the red for most of today’s session, but with just 20 minutes to spare the MSCI rebalance added some action. Indices reversed course to close higher with the Dow +151 bps, the S&P500 +80 bps, and the Nasdaq -1bp on elevated volumes. An interesting shake up was evident today with some month-end mean reversion that saw heavy underperformance in tech, momentum, and growth – the same factors th…
The content on this site is available to all Redburn clients as part of Redburn Execution’s standard service. It is not considered substantive research and there are no commercial implications to viewing these pages.
Please enter your email address below to view this page. If you are still unable to access the page, please speak to your account manager.