- The stock market has resumed its normal, sharp swings in both directions after a historically quiet year.
- Amid the volatility in February and March, a “single winner” emerged, according to Larry Hatheway, the head of investment solutions and chief group economist at GAM.
- “With the advent of two-way markets, where people who buy stocks can make money or lose money (which was largely absent in 2017), you’re beginning to see investors focus on what can deliver hopefully reliable or predictable, perhaps less volatile performance,” he told Business Insider.
As stocks surged last year and in early 2018, the most popular technology stocks became a bandwagon on which investors could ride.
This so-called momentum strategy of betting on stocks that are on an upward trend has been recently challenged amid a barrage of negative news about tech companies. See the rest of the story at Business Insider
NOW WATCH: Wall Street’s biggest bull explains why trade war fears are way overblown
See Also:
- There’s a record-setting disconnect in markets right now — and it has stocks spring-loaded for a recovery
- A $ 165 billion investment chief identifies the ‘single winner’ in a market that’s made a drastic U-turn from last year
- The best stock trade of 2018 is a reversal from last year as turbulence rocks the market
SEE ALSO: Wall Street is waking up to the most hostile parts of Trump’s agenda — and the worst is yet to come
