Throughout this issue, we take a closer look at volatility: what it measures, what factors are likely contributing to the higher levels seen in the second half of 2015 and so far in 2016, and how our portfolio managers assess the situation.
The fourth quarter delivered generally positive news on the state of the macro economy, though not without setbacks.
In contrast to the downbeat finish to the quarter, three key metrics indicate to us that the U.S... economy is showing significant improvements in several critical areas.
For U.S. stocks, the bulls continued to lumber through the second quarter, largely insulated from Greek volatility. However, all eyes remain fixed on the Fed’s anticipated future rate hike.
This issue explores some of our thinking concerning the combined impact of the oil price decline with further downward pressure on interest rates.