The gas that a repatriation tax holiday would have given tech stocks has already been siphoned out.
Mega caps are benefiting while small caps are coming in below expectations. Look at emerging markets.
Value-factor investors are enduring their longest stretch of underperformance since the Great Depression.
American buyers have been gorging on corporate debt after stepping up their presence in Treasurys.
The so-called ‘Trump trade’ didn’t play out in the first quarter.
Gold mining companies have rallied along with other precious metal as real interest rates have been retreating.
The SEC’s decision on the Winklevoss Bitcoin Trust (COIN) is expected soon.
Economists have raised doubts about how pro-growth policies might materialize.
The markets must contend with a mix of low growth, rising inflation and tighter monetary policy, Goldman says.
The outflow suggests that institutional investors are betting on value over growth.
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