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
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