David Einhorn, the founder of Greenlight Capital, has expressed his concerns about the increasing dominance of passive and algorithmic trading, stating that it has made value investing more challenging.
Tom Lee, a well-known equity strategist at Fundstrat, has warned investors that a stock market correction is imminent. This prediction comes on the heels of a 21% surge in the S&P 500 over a 14-week period.
The S&P 500 surged by 24% in 2023 and is off to a good start in 2024. Year to date, the benchmark index has edged up by an additional 4.3%. Meanwhile, the VIX…