Jan. 25 at 5:25 PM
Across fixed income, momentum leadership remains highly concentrated as breadth narrows and trend quality deteriorates.
$EMB and
$JNK led, each with 1.7% 3-month momentum;
$VCSH followed at 0.8%.
$AGG turned negative, slipping from 0.1% to flat, while
$LQD lost -0.3 points week-over-week.
Only 3 of 10 ETFs show momentum acceleration; 2 signal early exhaustion, highlighting a fragile core and broad fatigue.
Fixed income is marked by isolated strength, unstable trends, and rising mean reversion risk.