Bloomberg just published an article challenging the traditional notion that institutional investors represent “smart money” whereas retail investors are hapless. The article is based on data collected by State Street showing the equity weighting of a large universe of institutional investors. First, note...
I recently authored several posts regarding the very high level of investor optimism as measured by record flows into equity mutual funds, record stock buybacks by companies, and a record portfolio weighting in stocks for the average investor. (Both individual and institutional) Perhaps...
