The year is still young but so far there’s a clear winner in the horse race among US equity factors: momentum. Following a mostly meandering performance in 2019’s fourth quarter, large-cap momentum has been on a nearly non-stop rally in the new year that’s left the rest of the field in the dust, based on a set of ETFs representing factor strategies in the US equity market.

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China virus spreads, lifting death toll and raising pandemic fears: Reuters
Senate blocks effort to allow Bolton’s testimony in impeachment trial: The Hill
No date set for second phase of US-China trade talks, says China source: BBG
Trump says US GDP growth would be close to 4% if Fed cut rates sooner: CNBC
Trump’s top economic adviser Kudlow: Fed’s T-Bill buys ‘basically’ QE: MNI
Trump administration imposes more sanctions on Venezuela’s regime: CNBC
US plans to add travel restrictions to seven nations in Africa and Asia: WSJ
Amazon’s Bezos’ phone reporetedly hacked by Saudi Arabia’s crown price: TG
10-year Treasury yield slips to 1.78%, lowest since Dec. 4: