After the weaker than expected nonfarm payrolls in May – 138,000 new jobs were created after a revised lower 174,000 number was posted in April – Goldman Saks Chief US Equity Strategist David Kostin is more convinced of a rate hike in June. But perhaps most meaningful is what happens in September as it relates to the US Federal Reserve balance sheet. The predicted Fed move to announce plans for balance sheet reduction has potential to influence a popular mutual fund holding – a stock sector holding that hedge funds have since generally dismissed. [dalio] How do markets react when…
Hedge funds And Mutual Funds Are "Clashing" On Financials
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.