Nasdaq's Wild Day Shows Robots Are Running the Market

The Nasdaq Composite reversed sharply at a key level on Tuesday in a move that suggests robots are running the market right now. Instead, the moves appeared to be driven by traders who implement technical analysis, chase momentum, and those who employ other quantitative analysis strategies such as commodity trading advisors. “May marked one of the strongest rebounds on record, with many indices posting historically strong 9-week rallies,” writes Mizuho’s Daniel O’Regan.