The yen has fallen from 111 to under 106 in the past two days. This is the lowest level since October 2014. If the yen continues on this stronger trajectory, we will probably continue to see some underperformance from early and hyper cyclical stocks while it could act as a tailwind for cyclical stocks.
Michael Mauboussin: Challenges and Opportunities in Active Management And Using BAIT #MICUS
Michael Mauboussin's notes from his presentation at the 2020 Morningstar Investment Conference, held on September 16th and 17th. Q2 2020 hedge fund letters, conferences and more Michael Mauboussin: Challenges and Opportunities in Active Management Michael Mauboussin is Head of Consilient Research at Counterpoint Global in New York. Previously, he was Director of Research BlueMountain Capital, Read More