Fast-Money Quants Are Buying Stocks as Human Traders Stay Put
- So-called Commodity Trading Advisors increase stock purchases
- Discretionary investors, by contrast, are sitting on sidelines
A trader works on the floor of the New York Stock Exchange.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
While stock-picking investors wait around trying to decide their next market move, their computer-driven counterparts have no such luxury.
The quants’ taskmasters — trend lines on charts and volatility targets — are forcing them into a concerted buying spree, just as the bond market creates fresh headaches for traditional money managers.