WTF is the denominator effect?

The last few weeks have just been dreadful for asset managers. Not only have the markets tanked the past few weeks (if slightly recovered from their lows since the signing of the U.S. stimulus bill), but the daily volatility of different assets is making it very hard to keep portfolios balanced. As an example, the […] Learn more about your ad choices. Visit podcastchoices.com/adchoices