Like Christopher Columbus, Macquarie "Discovers" Herding

It is sometimes funny when traditional such as Macquarie look at herding stock market behavior and act as if they were Christopher Columbus discovering new concepts. Just like Columbus might not have been the first to “discover” America -- that point has been in dispute, particularly among native Americans -- practitioners in managed futures CTA strategies might look at a recent presentation delivered by Macquarie Research on the impact of . . .

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