The decline in volatility is “encouraging people to take a lot more risk than they should, and understandably so,” El-Erian said.
Robo advisors will cause fees to be slashed, college investors short Snapchat and a Long Island group joins LPL.
Hedge fund gurus, including David Einhorn and Bill Ackman, offered up their best investment ideas for 2017 at the Sohn conference in New York. Here are the highlights.
Energy, technology and consumer goods the only sectors to see inflows during the first week of May; investors continue to purge commodities, health care and real estate.
North Korea is making investors cautious while India’s growth attracts new money.
A generally positive earnings season couldn’t overcome other factors as investors pulled money from developed market equity funds last week.
For the time being, European politics is taking a back seat to monetary policy.
There’s always a critical trade-off between accuracy and timeliness.