The idea that asset management is a mindless endeavor devoid of skill, art or judgement is a harmful one. Even cheap, automated strategies have varied outcomes. The humans behind the machines still matter.
Historically, a low presidential approval rating is a harbinger of stress in the equity markets. Trump’s rating is very low. Will this time be different?
Geopolitics, low-inflation figures, soft data and dovish Fed comments can’t seem to break the narrow trading range, says Informa’s Chief Macro Strategist David Ader.