It’s a followup to the Wired article Algorithms Take Control of Wall Street.
AUTHOR
Mick Weinstein
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Bloomberg’s IPO index is currently down 3.1% year to date versus the S&P 500’s gain of 12.9%
Hedge fund manager Jim Chanos and bond kind Bill Gross comment on the S&
No one will know for sure, but I could imagine that if the end-of-quarter activity drove today’s gains, the rally likely won’t last and, more importantly, could be given back pretty fast.
The old “Sell in May” strategy is now in danger of being a wash – and perhaps worse.