Quote post: @zerohedge on stock pickers and quants both losing 3%+ in October
Goldman says stock pickers lost 3.5% and quants lost 3.6% in October. That's the first month in its data since 2016 that both fell more than 3%, while the S&P 500 fell just 0.9%.
I think that's the bill for crowding. Two different strategies ended up in the same AI trade.
https://x.com/zerohedge/status/2117636782292426998
Sources: Investing.com: fundamental L/S -3.5%, systematic -3.6%, first month since 2016 both cohorts fell more than 3% (Goldman p · Reuters HEDGE FLOW: Goldman -3.5% and -3.6%, first time since 2016; S&P 500 -0.5% in October, broad indices flat to up
Not financial advice. For informational and educational purposes only.
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