Shocks of 2008 and 2020 “illuminated the idea” that anything can happen, says one adviser.
In economic terms, we stayed above stall speed by forcing extra fuel into the engine. Now the fuel is running out.
Today, according to BarclayHedge numbers, there are between 10,000 and 15,000 funds investing over $3 trillion.
Investors, already skittish ahead of U.S elections in November, now have another thing to worry about: the president’s health.