When E.F. Hutton Speaks

Do you remember the TV ad from many decades ago that said “When E. F. Hutton talks, people listen?” Good Harbor Financial is a fast growing money manager that deals in nearly $11 billion of exchange traded funds. Last month when Good Harbor adjusted its position in iShares S&P Mid-Cap ETF, that portion of the market rose more rapidly than did the broad market. Across Wall Street, traders take note when big ETF managers like Good Harbor step into the market because they can dramatically im...