Momentum's Short Lived Crash Driven by Tax Quirk, Says Barclays

The video discusses the impact of momentum on hedge funds, highlighting significant losses in early September. It explores the recovery of momentum and the underperformance of value stocks, attributing these trends to bond rallies and tax policies. The potential influence of capital gains tax changes by Trump is examined, suggesting that recent market movements may be temporary and driven by technical factors.

What impact did Trump's comments on capital gains tax have on momentum?

What does the text suggest about the nature of the recent market changes?