Stocks Run Gantlet of Problem to Record Highs

Stocks Run Gantlet of Problem to Record Highs

Among the investors who have actually pressed the Dow Jones Industrial Average to eight record closes this month is Said Haidar, head of Haidar Capital Management. He’s as surprised as anybody about the ascent.

A few months ago, Mr. Haidar’s New York-based hedge fund was wagering that an intensifying U.S. economy and the trade war between the U.S. and China would weigh on stocks and send investors into relatively safe properties such as U.S. federal government bonds. However while the financial data remains gloomy and trade talks drag out with little resolution, …

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