Is a current US top 20 hit for Migos & Gucci Mane.
Slippery is how the stock market is going to be says the man who manages US$110 billion and out performed two thirds of fund managers.
Especially dangerous is the Asian market and currencies. Bloomberg has the story :
Nader Naeimi has bought gold, shorted emerging currencies.
‘Markets need a correction,’ the AMP Capital investor says
Stock markets are headed for a big selloff, maybe not today, but soon.
That’s the view of Nader Naeimi, who heads a dynamic investment fund at AMP Capital and helps manage about $110 billion.
The Sydney-based investor has about 30 percent of his holdings in cash, an allocation to gold and is short emerging-market currencies versus the dollar.
His fund has beaten 77 percent of peers over the past year, according to data compiled by Bloomberg.
“Markets need a correction,” Naeimi said. “There is a significant disconnect between uncertainty and market pricing of risk.
North Korea and other events will provide the triggers for a correction.”
“While today’s fall in risk assets might not be deep, the process is one of an incremental rise in market volatility,” Naeimi said. This “will culminate in a deeper-than-expected correction.”
