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

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 Systematic 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...