Situs Slot Gacor Slot Gacor Gampang Menang Situs Slot Gacor https://gms.dpe.go.th/mobile/public/admin/ckfinder/plugins/fileeditor/situs-judi-slot-terbaik-dan-terpercaya-no-1/ http://portalsewa.mais.gov.my/img/icons/largest/slot-online-gacor-terbaru/ https://new.c.mi.com/th/post/340006/SBOBET__Agen_Judi_Bola_Online_SBOBET88_Resmi_Indon https://new.c.mi.com/th/post/338489/SBOBET__Agen_Bola_Resmi_Layanan_Taruhan_Online_Ter https://new.c.mi.com/th/post/338479/Agen_SBOBET_Indonesia_Terpercaya__Link_Daftar_SBOB https://new.c.mi.com/th/post/338474/Situs_Judi_Bola_Online_Sbobet_dan_Agen_Bola_Terper https://new.c.mi.com/th/post/737547/SBOBET__AGEN_SBOBET_INDONESIA_LOGIN_MOBILE_ONLINE_ https://new.c.mi.com/th/post/735520/SBOBET__Link_Bandar_Sbobet88_Indonesia_Terpercaya_ https://new.c.mi.com/th/post/738763/DAFTAR_SBOBET_88_BOLA_TERMURAH_DAN_TERLENGKAP_BERS https://new.c.mi.com/th/post/735126/SBOBET_MOBILE__Daftar_Judi_Bola_Online__SBOBET88_C https://new.c.mi.com/th/post/737542/SBOBET__Daftar_Judi_Bola_Online__SBOBET88_Casino__ https://new.c.mi.com/th/post/733494/Agen_SBOBET_Indonesia_Terpercaya__Link_Daftar_SBOB
Business

David Kelly blames passive and momentum traders for market chaos




Much of the blame for the latest market volatility falls with two types of investors, said David Kelly, JPMorgan Asset Management's overall global strategist, on a Thursday call with customers and the media.

Economic fundamentals, from jobs to earnings, look positive, he said, and led him to take responsibility for this month's series of sharp sales in two groups: passive and "momentum" investors – those who buy and sell through algorithms and automatic trading systems.

"One of the things we must come up with is the impression that this market is determined and decided on a daily basis by millions of little Warren Buffetts who are thinking carefully about the value of stocks. Today, Kelly said. "Over time, you have moved from markets moved by individual and institutional investors who at least thought about the values ​​of stocks, even though they were highly prone to anxiety of fear and hope, to a more and more dominant market of passive or momentum investors. "

See also: Investors flee active funds in the worst month for leaders of almost 2 years

Overall, Kelly said the rates of growth were lowering, but showing no signs of weakness, a promising signal. Also, during the holidays, the trading volume is thin and active leaders and leaders "are out on holiday."

"These fluctuations in markets have always occurred. You always have some volatility ̵[ads1]1; that's the price you pay for being in stocks, "he said." But when [the swings] is not validated by actual weakness in earnings or interest rate increases – they are not validated by an actual issue – then they will Care to fade. "

Kelly highlighted an opportunity for investors: with the market down 15% since the beginning of the quarter, it may be time to buy.

JPMorgan Asset Management managed $ 1.7 trillion as of September 30.

Read also:



Source link

Back to top button