Momentum and beta factors converge closely in 2026, Michael Kantro notes

Momentum and beta factors converge closely in 2026, Michael Kantro notes
Momentum and beta correlation in 2026

Michael Kantro said that there is not much difference between momentum and beta factors in 2026, as the correlation between the two is nearly 1.

Kantro shared this observation in a social media post.

Kantro recently reported that the S&P 500 Macro Select index is up nearly 30% year to date. In a separate analysis, he highlighted that corporate margins are continuing to rise due to both cyclical and secular forces. His latest comments follow these observations on market performance and profitability.

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