Macro Analysis Winning over Bottoms-Up

Macro Forces in Market Confound Stock Pickers

More and more investors aren't bothering to pore through corporate reports searching for gems and duds, but are trading big buckets of stocks, bonds and commodities based mainly on macro concerns. As a result, all kinds of stocks—good as well as bad—are moving more in lock step.

Excellent article explaining why Macro forces have come to dominate.

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