Algorithmic traders are steering the market, but investors should stick to the fundamentals

Apple Inc. is reaching new all-time highs, pushing its US$2.7-trillion valuation above the entire Russell 2000’s US$2.2 trillion. This, despite it posting negative year-over-year earnings and revenue growth in its recent quarter.This year’s market is proving to be a very strange one, and one that is fooling most professional investors given that two-thirds of mutual fund managers are underperforming their passive benchmarks, according to Bank of America Corp.

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Algorithmic traders are steering the market, but investors should stick to the fundamentalsInvesting pro Martin Pelletier\u0027s advice is to stick to fundamentals because disconnected markets will reconnect again. Read more
Bron: financialpost - 🏆 7. / 85 Lees verder »