You don’t have permission to view this page. Please include your IP address in your email. This copy is for your personal non-commercial use only. President Donald Trump had nothing to do with the stock market’s rise, despite the almost 60 boastful tweets he has posted about it since being elected, alex charfen bitcoin stock has nothing to do with the recent stock crash.
Instead, praise the machines — and blame them, too. Last year, Marko Kolanovic, global head of quantitative and derivative research at JPMorgan, estimated that stock pickers — those who trade on stock-specific fundamentals — account for just 10 per cent of today’s stock market trading volumes. Nearly half of trading is high-frequency trading by algorithms. 2009 peak, it’s responsible for pretty much all of the stock market’s volume gains this century.