Here is a story from Friday on CNBC.com that caught my interest:
It is titled “Stocks, Gold Are Crowded Trades: Hugh Hendry”
I found it interesting for two main reasons. First, it discusses the concept of the “Crowded Trade.” This is a phrase that isn’t often heard these days. Nonetheless, I think the concept is important to consider, especially in today’s investment environment.
Second, I found this interesting:
“The remarkable thing about the stock market is ‘the absence of volume associated with it’,” Hendry said.
Compared with previous rebounds in stocks from previous recessions, volume in this recovery from the March lows is 60 percent lower, according to Hendry.”
SPX at 1089.31 as this post is written