Wells Fargo’s Davidson: Investors Perplexed, But Happy

The transcript discusses the current state of investor sentiment and market trends following Trump's election, highlighting the perplexity among investors and the market's bullish behavior. It explores the rotation from defensive to cyclical sectors, driven by institutional investors, and the challenges faced by active management in a politically influenced market. The conversation also delves into the balance between active and passive strategies, the role of smart beta investing, and the implications of moving away from market cap weighting.

In what ways do political events impact market predictions according to the text?

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What is the role of smart beta investing in the current market landscape?

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