The Summer Curse Could Strike Hard This Year

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Photo: George Eastman via Flickr

In recent days, several of America’s largest investment groups, such as Fidelity and Northern Trust, have been discreetly reviewing their staff holiday plans. The reason? Right now, with the summer heat rising, the mood in the financial markets seems relatively calm.But the issue worrying some investment firms is what might be called the “summer curse”; precisely because trading volumes tend to be so thin in the summer months, and senior hands are away, markets can go completely haywire if something does go wrong.

Read the rest at the Financial Times >

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