welcome to the bunny market bull and
bear markets were good fun while they
lasted and in retrospect they were
pretty nice and predictable but the
world has moved on now we need an animal
that's more hoppy the issue is that
markets are bouncing around on various
mood swings much more frequently than
they used to it's a humbling experience
for those trying to predict what's going
to happen next or worse manage other
people's money as a quick look at macro
hedge fund performance this year shows
citigroup's currencies analysts say
they've been repeatedly stopped out of
their trade ideas this year a common
experience they described as very
frustrating to try and figure out why
it's happening they've sifted through
the data and found that the time it
takes for mini trends in major
currencies to play out has shrunk a lot
from around a month up to the end of
2014 to just a week now to wit they
calculate that if you sell the top two
major currencies and by the bottom two
every Friday and do nothing for just a
week you'd have made returns of just
under five percent so far this year
that's not to be sniffed at so forget
all the spreadsheets and macro analysis
and go and set your L goes right in
stocks Hermes investment management says
the bonny market phenomenon is alive and
well with short-term sentiment that flea
kia STUV things apparently in control it
may all be a warning sign it reckons
that another bear market lies ahead but
until that bear comes along to gobble
the rabbit stay nimble