Hedge Funds No Longer Have Any Idea How To Trade This Market
by Tyler Durden
ZeroHedge.com
Jul 2, 2016
While we sarcastically pointed out back in 2013 that with the Fed (and now every other central bank) as the market’s Chief Risk Officer, there is no longer a need for anyone to do fundamental analysis, this has not only come true but the outcome is now is far worse. Because it confirms what we have said all along: not only is there no market left aside from what Central Banks decide will happen to “risk assets” on any given day, but the smart money- both hedge and mutual funds – have now completely lost the plot.
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