The US stock market has recovered most of its recent losses, and the rebound has left momentum strategies far ahead in the performance horse race for equity factor results this year, based on a set of ETFs through yesterday’s close (June 3).

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US job openings rose in April, highlighting resilience in the labor market. Despite uncertainty related to the trade war, the Labor Department reported that employers posted 7.4 million job vacancies in April, up from 7.2 million in March. “Once companies are more certain that bad times are coming, they will start to shed workers,” Carl Weinberg, chief economist at High Frequency Economics, wrote in a commentary. “However, the economy is still near full employment. We suspect companies are still hoarding workers until they are very, very sure about an economic downturn.″

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