Deep recession will deliver stocks a second tumble, hedge fund heavyweight says.
After toying with cashing in all his assets, the investor placed a canny wager against corporate fixed-income.
The upstart industry’s flexibility is a big advantage to its longevity amid an oil price war, the firm believes.
Despite a chorus of skepticism, the bank lays out how the market may have stabilized—with caveats, of course.
Think Asian tech firms. That’s the reasoning of Wellington Management.
Firm nets $4 billion in shorts, settles on singular stock strategy with Commerce Bancshares.