Consider the following statements:
Statement 1: The momentum anomaly goes against weak form EMH.
Statement 2: The size effect anomaly goes against weak form EMH.
Which of the following is most likely?

The momentum anomaly asserts that investors can earn abnormal returns by purchasing stocks that have performed well in the recent past.
The size effect anomaly asserts that investors can outperform on a risk‐adjusted basis by simply purchasing smaller companies.