One of the best guides to how confident fund managers are feeling about the markets is how they desc...
One of the best guides to how confident fund managers are feeling about the markets is how they describe their investment style. The current buzzword is 'stock picker' but four years ago it was 'growth' or 'thematic'. What has changed is the direction of the stock market. Back then it was heading up but now it is going in the opposite direction and no one is quite sure what it will do next. Being called a 'stock picker' is not just a neat way of sidestepping the issue, it is a tacit admission no one expects the index to rise in the foreseeable future. As such, it is a sign of many group...
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