Investors are fleeing actively managed stock funds in favor of index funds. Actively managed bond funds may be next.
Wang’s speech came as Trump officials discuss ways to limit U.S. investors’ portfolio flows into Chinese stocks, disrupting global index funds.
“The weakness in the economy, in my opinion, is directly attributable to the president’s dialogue on tariffs,” says Leon Cooperman of Omega Advisors.
Maybe Fisher should stick to stocks, where he sees "an okay world" despite political theater with no power to stop the bulls from running.