The market’s biggest investors just traded like they do right before ‘serious damage’ is inflicted on stocks — and one expert warns another painful meltdown could soon strike
|08/18/2019||Posted by BusinessMediaguide.Com under General World News||
- Institutional investors — including mutual-fund managers and pension funds — made massive bullish bets on the stock market from late June through the most recent peak in July.
- According to Lori Calvasina, the head of US equity strategy at RBC Capital Markets, their “euphoric” futures trading was eerily similar to the eves of recent stock-market meltdowns, including the 2008 crisis.
- She explained why this trend is more sinister than it seems at first glance, and identified a corner of the market that could be relatively insulated from the fallout.
- Click here for more BI Prime stories.
As Wall Street fixated read more >>>