MRA’s Curnutt Suggests Cure For Fund Manager ‘ROMO’

MRA’s Curnutt Suggests Cure For Fund Manager ‘ROMO’

Whenever it feels like a melt-up might be afoot, market participants (and the media) go looking for explanations and "culprits," often landing on a familiar list of acronyms, from "TINA" to "FOMO." While it's possible to put some numbers to "TINA" (and thanks to the backup in yields, there is an alternative now, by the way), you can't really quantify retail "FOMO." You can point to, say, record inflows into equity ETFs as evidence that retail investors might indeed be fearful of missing the nex
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