ETF Extinction Event: Why Weak Funds Are Dying Off
Not every index idea needs active support. The future favors extreme scale and extreme personalization ... and small solutions can inherit the earth.
Not every index idea needs active support. The future favors extreme scale and extreme personalization ... and small solutions can inherit the earth.
Among some 500 U.S. mutual funds, those with at least one-third of manager positions held by women have beaten all-male teams, Goldman Sachs says.
Fed support will therefore help protect against rising market valuations and shield against any major correction in the market, Citi says.
Strategist Mike Wilson also said that investors will be surprised that the recovery is more powerful and broader than people are anticipating.
"Some of our indicators are beginning to move into the 'euphoria' stage, and we caution that managing drawdown risk is coming to the fore."
Some worry the companies doing Wall Street's heavy lifting could become a millstone around investors' necks. But where else can the market turn?