One of the strongest fears in the market is the fear of missing out (FOMO). It powers rallies, drives crashes, fuels bubbles and can make—or break—the career of even the most experienced trader. FOMO has become the acronym of choice to describe bitcoin mania, in which I’ve personally witnessed people I generally regard to be of good sense and character abandon all reason just for the chance of cashing in on its incredible rise in 2017.
That FOMO, of course, is just a short hop away from avarice
Bryan Cross, who heads UBS Asset Management's QED group, joins to discuss alternative data and AI.Subscribe to Weekly Wrap emails