Rick Rieder and Russ Brownback argue that there's little benefit to "trading the news" today, as prices adjust instantly to highly-transparent information. Rather, investors would do well to follow long-term cash flows, of which the lion's share is to be found in tech.
Ignore market noise and look to longer-term fundamentals
Roughly a month ago, on May 5, investors awaited news of a sweeping U.S./China trade deal, but instead, President Trump shocked the world by announcing the implementation of incremental punitive tariffs, signaling an apparent breakdown in negotiations. When U.S. financial market futures opened for