
Key points
Global prime book momentum factor net exposure, 2016-2026 | Now about 60%, close to the highest since 2016 and far above the 2022 trough that briefly turned negative
Image source: @ConnorJBates_

Global prime book momentum factor net exposure, 2016-2026 | Now about 60%, close to the highest since 2016 and far above the 2022 trough that briefly turned negative
Image source: @ConnorJBates_