FYI: A week of tumult on the trade front was also the best week in a month for S&P 500 bulls. Active stock managers weren’t celebrating.
They’ve watched in shock as the best-laid efforts to beat benchmarks are squeezed as the contour of the rally shifts. Funds are being betrayed by the companies they love, including tech megacaps and banks, as ones they ignored in industries such as telecom and consumer staples vault to the top.
For the sixth time in seven weeks, companies with the highest ownership among funds trailed those with the lowest, data from Goldman Sachs showed.
Regards,
Ted
https://finance.yahoo.com/news/good-week-p-500-held-203958198.html
