Which is better, active or passive portfolio management?
This is a debate that was running pretty hot for the lovely cushion of a bull market Quantitative Easing & the Presidential cycle brought us.
Then we started pulling off the highs with aggression.
A ‘war’ threat with North Korea. Escalating tensions with Russia. Tariffs. Fed rate hikes.
In a (seemingly) over-extended market, pick a reason and you’ll start to see some selling as soon as panicked longs find a reason to get scared. MarketWatch was kind enough to state the reason for all this pullback was mere $VIX. Yet that makes no sense. At all.