The stock market may be cheering up rich Americans, but it's doing little to invigorate the less affluent.
The money manager says rampant passive investing has undermined the hunt for value.
With stocks and bonds moving increasingly in tandem, investors have been forced elsewhere for protection.
Shorting volatility is an approach that can mint reliable profits, provided the market stays tranquil.
Short rebates are offering traders a boon in cash-is-king era.
The S&P 500 has already blown past the Wall Street consensus over where the index will finish the year.
Finding winning stocks outside of big tech has become virtually impossible, money manager say.
The group of disliked companies has fallen 11% so far this year.
With higher rates available on cash, investors now expect even higher returns from their investments.
All major asset classes fell in the holiday-shortened week.
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