CIO’s quick comment: passive takes the back seat

Just as explained in a previous post, markets are already behaving as if Trump never existed.
The likely side-effect will be sideways markets, given a massive rotation from FANG et co to other sectors and companies.

But BEWARE: only the headline numbers will be giving the impression of a sideways movement ; there will be a volatile storm brewing underneath as liquidity will be shifted across sectors and individual stocks.
This again becomes a quest for alpha, as passive beta strategies seem to be taking the backseat.