06-15-2017, 10:09 PM
"Indeed, the bigger story in our view is FAAMG – Facebook, Amazon, Apple, Microsoft and Alphabet – a group of five stocks which have been the key drivers of both the SPX & NDX returns year-to date."
'FAAMG' is key driver of the stock market year-to-date, Goldman says - Business Insider
Tim Quast, founder and president of Denver-based market structure analytics firm Modern Networks, said the reason for the decline in tech stocks is a combination of powerful passive investing and market rules that can artificially inflate prices during rallies and deflate during selloffs. Read: What’s next for technology stocks — bloodbath or bliss? “As tech stocks performed well over the past year, passive allocation to this sector had increased. But investors concerned about high valuations began trimming allocation from May to June. When money starts to move out of a sector, it prompts tick data to move,” Quast said. “By our measures asset allocation has fallen from over 35% of daily volume in the [tech sector], to 32%. That will suddenly manifest in prices, and we saw on Friday,” he added. “Lack of buyers, rather than active sellers by big holders of tech stocks, prompted changes in the tick data, and when this change was detected, algorithms quickly moved to shorting stocks, which exacerbated price declines,” he said.
Tech slump may be the result of market structure - MarketWatch
Quantitative investing based on computer formulas and trading by machines directly are leaving the traditional stock picker in the dust and now dominating the equity markets, according to a new report from JPMorgan. "While fundamental narratives explaining the price action abound, the majority of equity investors today don't buy or sell stocks based on stock specific fundamentals," Marko Kolanovic, global head of quantitative and derivatives research at JPMorgan, said in a Tuesday note to clients.
Death of the human investor: Just 10% of trading is regular stock picking, JPMorgan estimates
Knowing something had to give, Congdon began to adjust her approach to work and restructured her day to achieve the same amount of output, without working around the clock. She decided to split her day into fewer 45-minute segments, and aimed to maximise her productivity within those strict time sessions. The key to maintaining focus and energy in shorter bursts was to apply flexibility to those segments – she could use some for exercise, some for meditation, some for work. Getting rest within her workday helped lower stress levels and therefore achieve better results within the allotted time for working, Congdon found.
BBC - Capital - Why you should manage your energy, not your time
The Centers for Disease Control and Prevention has issued a warning about a particularly nasty gastrointestinal illness that sounded like an infectious spore from the latest “Alien: Covenant” movie. The alert concerns a parasitic protozoa from the Cryptosporidium family (also known as “crypto&rdquo. It can cause “profuse, watery diarrhea that can last up to two to three weeks” and can lead to life-threatening wasting and “malabsorption” in people whose immune system is compromised. Cryptosporidium has emerged as the leading cause of recreational water–associated outbreaks, “particularly those associated with aquatic facilities.” That includes swimming pools, water parks, water playgrounds, hot tubs and spas.
Read this before jumping into a public swimming pool this summer - MarketWatch