News | 01.10.19
Computer Models to Investors: Short Everything
Trend-following investment strategie have gone from bullish to bearish to a degree not seen in a decade, according to an analysis of algorithms that buy or sell based on asset-price momentum by quantitative investment firm AlphaSimplex Group. Funds that use such strategies likely went from holding net long positions in four major asset classes—stocks, bonds, currencies, and commodities—in the third quarter of 2017 to shorting everything but bonds by 2019. And even their embrace of bonds is bearish, signaling a flight to haven assets.
Read the full article on Wall Street Journal