Monday, November 9th, was the largest laggard outperformance we have in the Nasdaq Dorsey Wright (NDW) data with laggards outperforming leaders by more than 16%. Momentum crashes are not a new thing. All types of things drive the leaders/laggards spread on a day-to-day basis.
Speaking to our advisor clients every day provides our analyst team at Nasdaq Dorsey Wright (NDW) with a good sense of what advisors are challenged with and what kinds of questions they are hearing from clients.