Interim Market Update - 2Q18
Mid-way through the second quarter of 2018, the markets have experienced a robust earnings season, rising US interest rates, higher inflation, a stronger USD, oil at its highest level since 2014, and the resurgence of potential tail risk in select emerging markets and the European Union.
Interim Market Update - 1Q18
After years of low inflation, accommodative monetary policy, and low volatility, we believe we are now in a period of market transition. The new environment features tightening/less accommodative monetary policy, including the unwind of quantitative easing, excess fiscally-driven economic growth, increases in volatility, and the prospect for rising inflation.