John Dorfman
Bloomberg News
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You might think, in the aftermath of Tesla and GameStop’s huge recent gains, that momentum investing has gone crazy.
Maybe so, but momentum stocks were popular even before the Reddit “Wall Street Bets” frenzy. There have always been folks who like to jump onto a speeding train, but they have had more success lately than usual.
According to Standard & Poor’s, momentum stocks surged 28.3% in 2020. Value stocks, the beleaguered school of investing to which I belong, inched up 1.4%.