Are We Returning to an Era When Stock Pickers Reigned?
Lockstep moves in equities that crippled active managers in the recent past are loosening, as a measure of implied correlation among U.S. stocks has plunged from a four-month high in mid-February to the lowest level of the year. Bloomberg's Joe Ciolli has more on "Bloomberg Markets." (Source: Bloomberg)
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Credit Suisse Stock Trading Withers Under CEO Thiam
31:30 - Credit Suisse Chief Executive Officer Tidjane Thiam's vision of overhauling one of the world's biggest investment banks hasn’t gone as planned, with the bank losing a third of its equities market share since 2015. Bloomberg's Vonnie Quinn and Nejra Cehic report on "Bloomberg Markets." (Source: Bloomberg)