Has Momentum Investing Lost its Mojo?

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Former high flying industry sectors like biotech (NASDAQGIDS:IBB) and social media stocks (NYSEARCA:SOCL) have crashed between 14-16% over the past month. Have hot momentum stocks lost their mojo? One proxy of momentum stocks is the iShares MSCI USA Momentum Index ETF (NYSEARCA:MTUM). The fund owns 100-150 large and mid-cap U.S. stocks that are screened for …

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