Relentlessly forward-looking, investors have become all but inured to the economic reports that once set Wall Street’s pulse. (File pic Wall Street NYSE with the iconic Fearless Girl.)
ALTERNATIVE data has been a buzzword on Wall Street for years. Never has demand been greater than during the coronavirus era.
For many professionals, fundamental and technical stock analysis now take a back seat to epidemiological charts and real-time economic signals. Macro economists and money managers spend days tracking everything from Covid-19 reproduction rates to the number of restaurant reservations on OpenTable.
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