NEW YORK: Beneath the calm surface of stocks lie two groups that if played right pose an almost unprecedented opportunity for when the market turns.
Not now, says Marko Kolanovic, JPMorgan Chase & Co’s quant guru, and probably not until the summer’s over. But when the peace lifts, traders with the wherewithal should put down bets in a convergence trade that is tuned to the relative performance of two otherwise sleepy corners of the market.
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