Some lessons for those investors tempted to chase the Trump trades
The writer is senior adviser at Engine AI and Investa, and former chief global equity strategist at Citigroup Market noise has dialled up to 11 as global equities have raced to price in Donald Trump’s sweeping election victory. Bank share prices are up. Alternative energy stocks are down. Some of these moves will be justified, some will not. Only time will tell.
This eccentric way of looking at the equity markets hard-wired a lagged momentum strategy into his portfolio. It reflected his underlying belief that equity markets are noisy in the short-term but persistent in the long term. I recall another famous portfolio manager who used a more quantitative approach to help separate signal from noise. He liked his stocks to show positive share price momentum over the first 11 of the past 12 months.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump wins latest: Trump makes first major appointment; three states move to 'Trump-proof' lawsVladimir Putin has described Donald Trump as a 'bullied' and 'brave man' after his monumental political comeback. Meanwhile, three states, including America's most populous, are making moves to protect liberal policies from the next administration.
Read more »
Trump v Harris latest: Jitters on US markets amid heavy betting on Trump winThere is concern among investors that Trump policies could be inflationary and cause the deficit between government spending and revenues to rise. Meanwhile, the Harris campaign is worried there are cracks in three 'blue wall' states. Listen to a Sky News Daily podcast as you scroll.
Read more »
With a Trump Victory All But Assured, Can Donald Trump Run Again In 2028?Donald Trump has declared victory and is on course to become the 47th president of the United States. Can he run again in 2028? Read more on Grazia.
Read more »
Everything To Know About Barron Trump Following Donald Trump’s Return To The White HouseFollowing his dad's return to the Whitehouse, everyone wants to know how tall Barron Trump is. Read more on Grazia...
Read more »
Trump talks trash but we love him – Why Hispanic voters are switching to TrumpFlorida was once America’s most important swing state, but key changes in one county reveal that Democrats now have a big problem on their hands
Read more »
Top pollster Nate Silver makes his FINAL election prediction with just hours until the polls closeDonald Trump and Melania Trump speak out after casting their vote in Palm Beach, Florida.
Read more »