Aaron Brown, Columnist

Stocks Are the Default Choice In a World of Bad Options

Investors are opting to hold equities, not because they’re attractive, but because everything else is much less attractive.

July 2, 2020 at 6:00 AM EDT

By Aaron Brown

Aaron Brown is a former head of financial market research at AQR Capital Management. He is also an active crypto investor, and has venture capital investments and advisory ties with crypto firms.

The bulls are in charge on Wall Street.
Photographer: Timothy A. Clary/AFP via Getty Images

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At the bottom of the stock market crash three months ago, I wrote:

Even though the S&P 500 Index just had one of its best quarters ever, surging some 20%, the questions remain relevant today. But we have a lot more information about the answers.

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