Warren Pies(@WarrenPies):Everyone knows that July is seasonally bullish. But, over the past five years, it is the most negative month for the momentum factor (top 10%/bottom 10%). Heading into July, momentum has been on a historic tear...makes sense to see the broadening/rotation (excerpt h2 outlook).

Warren Pies

@WarrenPies

Founder @3F_Research | PM $RAA | $FCTE | Formerly with Ned Davis Research | Recovering Attorney (step 4) - Not investment advice

Joined February 2014

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Warren Pies@WarrenPies

2026.07.01 16:58

Everyone knows that July is seasonally bullish. But, over the past five years, it is the most negative month for the momentum factor (top 10%/bottom 10%). Heading into July, momentum has been on a historic tear...makes sense to see the broadening/rotation (excerpt h2 outlook).