Momentum stocks led by memory, declined significantly this week while value stocks appreciated. Investors are attempting to buy the dip with millions of new money piling into memory companies. Adding money to an overvalued stock is how investors can lose more than 100% on one investment. Momentum attempted to rally and it won't be the last time this cycle.

What worked.

The rotation from momentum to value accelerated this week. With earnings season picking up next week, fundamentals may entice more value investors.

What didn't work.

Stocks like Sandisk and Micron are 30%+ off their highs. Buying what has been working no longer works!

On the Hunting Trail for Value

When value stocks outperform it is more difficult to find new ideas. The declining momentum stocks have not declined enough to justify a value investment. Things are changing rapidly.

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Brian X Account: https://x.com/bfrankvalue

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