Just 10% of trading is regular stock picking, JPMorgan estimates

Quite staggering statistics:

"the majority of equity investors today don't buy or sell stocks based on stock specific fundamentals," Marko Kolanovic, global head of quantitative and derivatives research at JPMorgan, said"

"fundamental discretionary traders" account for only about 10 percent of trading volume in stocks. Passive and quantitative investing accounts for about 60 percent, more than double the share a decade ago"

Just 10% of trading is regular stock picking, JPMorgan estimates