Factor rotation is getting interesting.
Profitability just led the pack over the past month. Meanwhile momentum and quality have been sliding.
This isn't prediction—it's observation. What worked recently rarely tells you what works next. Factors cycle. They mean-revert. They fool you right when you think you've figured them out.
The real lesson? Chasing last month's winner is usually how you become next month's loser. Markets reward patience and punish recency bias.
Watch the rotation. Don't chase it.
Profitability just led the pack over the past month. Meanwhile momentum and quality have been sliding.
This isn't prediction—it's observation. What worked recently rarely tells you what works next. Factors cycle. They mean-revert. They fool you right when you think you've figured them out.
The real lesson? Chasing last month's winner is usually how you become next month's loser. Markets reward patience and punish recency bias.
Watch the rotation. Don't chase it.
