Bob Elliott
· Nonconsensus
· July 07, 2026 at 10:21
| Read on Substack ↗
Summary
The article argues that a rotation from momentum names to value/equal weight is driving early H2 2026 performance, implying a shift in market leadership away from cap-weighted concentration.
•Momentum names are underperforming the broad market in early H2 2026.
•Equal-weight indices are outperforming cap-weighted indices.