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2015’s market correction uncovered new valuation opportunities
After six years of positive returns and almost four years without a US market correction, August 2015 provided a jolt to investors as the Dow Jones Industrial Average fell 10% from its peak.1 Before...
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Identifying ideas for a low-growth, low-rate environment
Divergence in economic growth and monetary policy around the world has led to an increasingly volatile market environment in 2015. Specifically, while the United States (US) and the United Kingdom (UK)...
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Long-term thinking in the midst of short-term volatility
The past year witnessed a significant spike in volatility as the health of the global economy faced uncertainty. Global markets struggled with concerns over growth and stability in China, emerging...
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Taking the pulse of the bull market
Our belief for several years now is that we’re in a secular bull market — with the S&P 500 Index rising over a multi-year period with only short intervening declines. As we look forward,...
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Diverging economies may bring further volatility to the markets
With the US Federal Reserve (Fed) starting on a series of fed fund rate hikes from Dec. 16, 2015, US money and credit markets will be on the path toward normalization after seven years of abnormally...
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Finding opportunity in a low-return world
Returns from the major fixed income and equity markets were low in 2015. Most European equity markets generated small positive returns while the US market finished the year close to flat. Fixed income...
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International growth: Focusing on company management, not central banks
Over the past three to four years, easy money from accommodative monetary policies has fueled global market performance, despite poor fundamentals. These policies have kept interest rates extremely...
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