On Wall Street, it is fairly common for managers of large mutual, hedge and pension funds to create new strategies for their annual investment goals, followed by a rebalancing and optimization of their existing portfolios. At mid-year, around June, many investment managers will then adopt a wait-and-see approach, content to sit tight and do nothing, which can make it next to impossible to find a strong trend to trade for those of us who can't afford to take the summer off.
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