Stock markets have lost their oomph, no longer a leading economic indicator

5 hours ago 1
ALPHA - word on the background of cash dollar bills

Zhanna Hapanovich

Factors such as fewer initial public offerings and passive investing have led to a situation where there is "no alpha" left in stock markets, according to an Apollo economist. Meanwhile, a former JPMorgan analyst said passive index investing has resulted in the stock market becoming

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