• BlackRock is using robots to better predict the future of the economy

    One year ago - By Business Insider

    BlackRock's Macro GPS tool is designed as an improvement to traditional economic indicators, and is intended to give investors a more forward-looking outlook.
    The firm is using the big data quantitative insights provided by its Scientific Active Equity team to further hone the GPS indicator.
    Economic data can be a double-edged sword for investors.
    Sure, it serves an valuable input for traders deciding where to put their money, but it's also largely backwards-looking. So while it's undoubtedly useful, it's often up to investors to calibrate their own economic outlook.
    BlackRock realizes...
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