Economics
Quant Strategies Misfire as Stock Gains Stoke Cost of Safety
- Defensive styles look richly priced as investors get cautious
- ‘Value is dead’ thanks to dovish monetary action: CPR Asset
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U.S. stocks may be approaching their high-water mark, but beneath the surface of this year’s rally is a tide of unease.
For quant and fundamental investors that slice and dice equities based on their characteristics, the 2019 rebound brought with it a conundrum.