Friday Sell-Off Bigger For Quants Bigger Disaster Than Brexit

Last Friday’s bond driven sell-off was a bigger event for quant flows than Brexit according to Bank of America.

Since Brexit, financial markets around the world have enjoyed a period of extended stability. Even though markets were rocked following the June 24 vote, central bank rhetoric in the weeks following calmed nerves, sent bond yields plunging and pushed investors into equities in the hunt for yield. Through Thursday September 8, the S&P 500 recorded its longest stretch in history of trading within a range of 1.77%. The data goes back to 1928. However, on Friday . . .

SORRY!

This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

If you are subscribed and having an account error please clear cache and then cookies if that does not work email support@valuewalk.com and we will get back to you as quick as humanly possible


Saved Articles
X
TextTExtLInkTextTExtLInk

Are you a smart investor? Join tens of thousands of sophisticated investor reading our authoritative free newsletter

* indicates required


Congrats! Are you a smart person?

We have an exclusive targeted for being a sophisticated and loyal reader.

Sign up for ValueWalkPremium today and get our exclusive content for 35% off.

Use coupon code vip19 or click on the button below

Limited time offer only ENDS 11/30/2019 or after next 25 13 subscribers take advantage whichever comes first – please do not share this discount with others

 

0