VOOV - J.P. Morgan quant strategists advise 'buy in May and go away'

A move favoring value and cyclicals is likely to accelerate into late spring and summer, buoyed by a continued rally in commodities and a resurgence in Treasury yields, J.P. Morgan says.Over the past month, value and cyclical stocks have underperformed, J.P. Morgan global quant and derivatives strategists Shawn P. Quigg and Marko Kolanovic write in a note.They highlight in April: S&P (SP500) (SPY) +5.2%, Vanguard S&P 500 Value (VOOV) +2.6%, Vanguard U.S. Momentum Factor ETF (VFMO) +6.3%, Vanguard S&P Growth (VOOG) +8.1%, Vanguard U.S. Quality Factor ETF (VFQY) +3.7%."We believe this move is likely to accelerate as we move into late spring and the summer amid the reopening of the economy, with the primary beneficiary being value and cyclical stocks," they write. "Importantly, we do not believe these developments are priced in, and believe the reopening and reflation trade will resume with a move that will be bigger than we

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J.P. Morgan quant strategists advise 'buy in May and go away'