Investors are more confident in the quality and potential growth of the stock market’s underlying earnings today than they were a year ago. Profit margins are currently at record high levels versus their historic average, but can the current level be sustained? https://www.seasoninvestments.com/insights/tail-wags-the-dog/
In 1949 Alfred Jones launched what is now considered the first hedge fund. Over the years the hedge fund industry has expanded dramatically to include a wide variety of strategies; many of which look nothing like Jones’ original fund. But there are funds today that still hedge their portfolio using the traditional long/short construction. https://www.seasoninvestments.com/insights/a-hedged-fund/
