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Momentum may be running out of momentum

By: BlackRock
Harvest Exchange
July 7, 2017

Momentum may be running out of momentum

Despite diminished expectations for growth and inflation, stocks enjoyed a stellar first half. While the latter half of 2016 was characterized by reflation, higher interest rates and a stronger U.S. dollar, the first half of 2017 witnessed decelerating inflation, modestly lower long-term rates and a collapse in the dollar. Nonetheless, investors merely shrugged and rotated into different parts of the market, notably healthcare and technology.



Originally Published at: Momentum may be running out of momentum