The brutal unwind in momentum continued today with Nasdaq futures down by nearly 1% today while the Russell 2000 which represents small-cap value plays was up by 2%. This was the second day in a row that the spread between momentum and value has widened significantly as investors continued to rotate out of the darling Work-From-Home plays into the beaten up “real economy” stocks that have gotten a bid after yesterday’s announcement from Pfizer on the progress made in the COVID vaccine. The markets are clearly giddy about the prospect of a return back to normal, but experts warned that vaccine production and ... (full story)