FDMO: Downgrading As Market Risks Are Rising

2025-10-06 10:35:00 ET

Oh what a difference six months can make. When I last wrote about the Fidelity Momentum Factor ETF ( FDMO ) in April, the market was near its lows for the year. Tariffs and trade wars dominated the daily headlines, with volatility being the prevailing theme of the month. On April 8, the VIX , an index used to measure the volatility in the US stock market, had risen above 50, reaching 52.33 , a level not seen since the pandemic in 2020. I noted in my analysis that this should be taken as a buy signal for the broader market. Including its most recent spike, the VIX has traded above 50 on 75 different occasions since 1990. In the 74 other times that this has happened, the S&P 500 had positive returns over the next one-, three-, and five-year periods....

Read the full article on Seeking Alpha

For further details see: