SPMO's Sweet Spot: Bull Euphoria And Tactical Momentum

  • Invesco S&P 500 Momentum ETF excels in momentum-driven bull markets, rewarding sustained performance and offering unique exposure beyond mega caps due to its methodology. The ETF's semi-annual rebalancing can lead to sharper drawdowns and lag in rapidly changing markets, making it less suited for volatile or choppy periods. Recent outperformance in 2024 signals a mature bull run; future upside is likely more muted as style rotation favors value and defensives over pure momentum.