Wall Street’s Smart-Trade Brigade Thrashed Again on Stock Boom
- Complex products struggle to outperform amid relentless rally
- Bonds and commodities continue to lag the large-cap indexes
Pedestrians walk past the New York Stock Exchange.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
As a product manufacturer, Wall Street is on a roll.
From yield-bearing option trades to funds packaging bank loans, it’s shaping up to be a bumper year for strategies that purport to bring a professional investing edge to the masses.