Investors are shrugging off weak data and trade snags that would have roiled markets just months ago
Among the investors who have pushed the Dow Jones Industrial Average to eight record closes this month is Said Haidar, head of Haidar Capital Management. He’s as surprised as anyone about the ascent.
A few months ago, Mr. Haidar’s New York-based hedge fund was betting that a worsening U.S. economy and the trade war between the U.S. and China would weigh on stocks and send investors into comparatively safe assets such as U.S. government bonds. But while the economic data remains gloomy and trade talks drag on with little resolution,...
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