Triple Momentum Allocator Stock Screens For Narrow Breadth

This report details BofA's Triple Momentum factor strategy, which aggregates earnings, price, and news momentum to identify outperforming global stocks and sectors in a narrow market. As of June 2026, the strategy highlights Semiconductors and Energy as the strongest sectors globally.

Key Takeaways

• 1.Triple Momentum (combining earnings, price, and news) is highly effective when market breadth is narrow, with only 31% of MSCI AC World Index stocks outperforming YTD.
• 2.Global sectors currently showing the strongest Triple Momentum are Semiconductors, Energy, and Tech Hardware.
• 3.Regionally, Japan Energy, Europe Energy, and Japan Banks are the top-ranked sectors, while Europe Media and Real Estate are the lowest.

Table of Contents

• Executive Summary
• Concept
• Stocks
• Global Sectors
• Region-Sectors
• Heat Map
• Global Sectors – Time Series
• Global Themes
• What's Improving / Deteriorating?
• Asia Pac ex-Japan Stocks
• Asia Pac ex-Japan Country-Sectors
• Asia Pac Countries – Time Series
• Asia Pac Sectors – Time Series
• Asia Pac Country-Sectors – Time Series
• Triple Momentum Methodology
• Appendix A: Triple Momentum Summary Stats
• Appendix B: Triple Momentum Performance Summary
• Global Quant Strategy Publications

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