The current US equity bull market turned nine years old on March 9, 2018. That’s the second longest run without a correction of 20% on record. It’s natural to wonder if the tide is going to turn.
The period since the financial crisis has been unprecedented in both the duration of the bull market but also the extreme low levels of volatility. As John Authers of the Financial Times recently pointed out, 2017 was the ‘most serenely positive year for world markets in history’.
We recently had the opportunity to sit down with author Daniel Pink to discuss his new book, When: The Scientific Secrets of Perfect Timing, now in its 8th week on the New York Times best-seller list.
Check out our primer on the March 4th General Election in Italy to learn about the potential political implications and possible market impacts.
Think emerging-market debt might as well be managed passively? Think again.
The end of 2016 through the beginning of 2018 had been one of the least volatile periods in recorded stock market history. It was THE least volatile by one measure – for the 404 trading days through the beginning of February, the market never had a five percent correction – the longest streak on record.
Should investors worry about the recent rise in US Treasury yields? If they’re high-frequency bond traders—maybe. But for income-oriented investors with a longer investment horizon, our advice is simple: relax.
A monthly review of market-moving events across countries and asset classes, and what investors can expect going forward.
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Some investors aren’t very concerned about Fed policy and rising US interest rates. That’s because history has shown that emerging-market debt frequently posts positive returns even when US bond yields rise.