In our latest client communication, we analyze the overarching themes that have sparked the most recent sell-off in equities.
Category: Markets
Thoughts on the October Pullback
Some context and perspective on the somewhat normal, albeit swift, pullback in U.S. equities.
2018 Mid-Year Update
In this Mid-Year Update, we hope to highlight developments in global economies and markets that have either reinforced our thinking or given us reason to shift course. Please click below:
The 351st-Worst Day in Stock Market History
Some insights on the market activity of Friday, February 2. While the headlines may be loud, it is important to provide some much-needed context for the noise and hone in on the signal, which is quite normal and generally positive.
2018 Outlook: Continuing to Live in Interesting Times
A little more than a year ago, in the wake of surprising results in the U.S. presidential election, we forecasted elevated levels of market volatility in both directions. While the world at large has felt varying levels of uncertainty and unsteadiness since then, the markets grinded higher in an unprecedented fashion.
As a result, current valuations are lofty across the board as the momentum factor led asset classes to levels, on a cyclically adjusted price-to-earnings basis, rarely seen in history. At the same time, markets have also produced unanticipated and uncommon low volatility. The resurgence in global growth and a backdrop of very low interest rates and modest commodity prices has traditional Wall Street in a euphoria reminiscent of our early days in the industry.
Read more in our 2018 Outlook: