This commentary was recently published by money managers, research firms and market newsletter writers and has been edited by Barron’s.
Nov 11: Thursday was another day for the record books. The
had its first daily gain of more than 5% since 2020, and its biggest outperformance against the
Dow Jones Industrial Average
since 2001. Long/short momentum fell nearly 10%, the second worst daily decline since 2001, after November 2020 vaccine day.