Chart of the Week: Are Managers Preparing to Repel Down the Fiscal Cliff?
With 5 days until deadline, are there any indications mutual fund managers are systematically acting on the broadcasted hysteria and preparing their portfolios for a less sudden descent down an ominous Fiscal Cliff (or maybe just locking-in handsome double digit market gains YTD)? Or are they broadly in the market, sanguine about the prospects for a […]
With 5 days until deadline, are there any indications mutual fund managers are systematically acting on the broadcasted hysteria and preparing their portfolios for a less sudden descent down an ominous Fiscal Cliff (or maybe just locking-in handsome double digit market gains YTD)?1 Or are they broadly in the market, sanguine about the prospects for a deal (or perhaps just captivated by a continued rising QE-fueled tide and promise of further inventive “Gangnam Style” monetary maneuvers?
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