August 6, 2019

This Past Week and Weekend Uncovers and Underscores Old Risks and New Concerns

"The decade long transition from active to passive investment management holds some important risks - as the most popular products and strategies worship at the altar of price momentum means that too many live on the same side of the bullish boat. This means that when the primary market trend turns there will be an inordinate amount of selling and few potential buyers."

-via twitter