by Andrew Barber
“This is a very overdue corrective decline that was simply triggered by China,” says John Kosar, director of research at Schaumburg, Illinois–headquartered Asbury Research. “The music really stopped when quantitative easing came to an end, but by that time equity managers were long accustomed to either buying every 5 percent dip or explaining to clients why they were underinvested when stocks subsequently reached new highs.”
Kosar, who focuses on providing quantitative research to active asset managers, says this market mentality was tested and broken by the combination of sub-$40 oil and the meltdown in emerging markets.
Asbury Research subscribers can read our overview of today’s stock market decline, and what it means for the rest of 2015, in today’s Keys To This Week report by logging into the Research Center.
Interested investors can contact us here.