Mary Erdoes, chief executive of asset and wealth management at JPMorgan, just issued a rallying cry.  Speaking to a room full of stock analysts at JPMorgan’s investor day, she provided an impassioned defence of active management and Wall Street research.  “The world is changing and you cannot doubt the ability for human beings to pick good stocks […]

REUTERS/Yuri GripasUS President Barack Obama (C) dances with participants during the 92nd annual National Christmas Tree Lighting on the Ellipse near the White House in Washington December 4, 2014. World markets are in the green early Monday, extending a recovery that follows a slump in oil prices and the dramatic slide of the Russian ruble. […]