Crowded Trades: Implications for Sector Rotation and Factor Timing
By William Kinlaw, Mark Kritzman, David Turkington, State Street Associates
Jul 1, 2019
By William Kinlaw, Mark Kritzman, and David Turkington
Published in the Journal of Portfolio Management, July 2019
The authors propose two measures for managing exposure to bubbles. Together these measures have the potential to locate bubbles in sectors and in factors as they begin to emerge and to identify exit points before they fully deflate.
