July 1, 2019
Q2 has ended, and it was both the best of times, and the worst of times. The S&P dropped 6.6% in May, the 7th worst May of all time. Behind the turbulence was a surprise deterioration in the US/China trade negotiations, which re-ignited global growth fears at a time when the macro data has already been slowing. This arguably compelled the Fed…
June 17, 2019
There are two important trends that we believe may have a material impact on markets and on portfolios in the days, weeks and months ahead:
1. Markets are normalizing. Is your portfolio prepared?
2. Expectations for the Fed appear overly aggressive and may be poised for a surprise.