When you’re trading stocks, options, bonds, commodities and other financial instruments, it’s important to get a handle on what the so-called smart money is doing. The giant footprint that professional money managers leave when they move en masse into or out of a particular asset class is quite often the precursor to bigger price movements in that sector. Now, there is perhaps no smarter money out there than the money that’s… Read More
When you’re trading stocks, options, bonds, commodities and other financial instruments, it’s important to get a handle on what the so-called smart money is doing. The giant footprint that professional money managers leave when they move en masse into or out of a particular asset class is quite often the precursor to bigger price movements in that sector. Now, there is perhaps no smarter money out there than the money that’s run by university endowments. These often multibillion-dollar endowment fund portfolios tend to be managed in a cautious way and rarely make drastic moves. When you see much of this segment of the smart money make a big move away from a certain asset class, you had better take notice.#-ad_banner-# So, when I read an article in the Financial Times that detailed the recent flight out of U.S. government debt by university endowments, it grabbed… Read More