Obama Wall Street Legacy Muddled; Secret Service Show "Consternation" Over Interview Length

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Mark Melin
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The Barack Obama Wall Street legacy is complicated. The U.S. President appeared to voice frustration in a New York Times interview published Friday, but is the real frustration due to inability to concisely define the Obama Wall Street legacy in a manner that resonates? Obama Wall Street legacy: took over as a reversion trade that had extended multiple deviations past the mean on several levels From one perspective Obama’s term is, in part, akin to a hedge fund changing portfolio managers after a massive loss due to a historically poor market environment. In other words, Obama was handed a portfolio at…

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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.