Didier Darcet
2 April 2018

Wisdom of Crowds —or Madness?

Since the February VIX shock and S&P mini-crash, equity markets suffer from increased volatility and shifting views from analysts, economists, and investors. But what is the perspective for a single isolated equity investor? Should he/she fear or trust the general opinion? The April Quant Corner note details the conclusions provided by Gavekal quant research in macroeconomy and behavioural finance.