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Volatility | July 20, 2017

Posted on July 20, 2017

Short- and long-term volatility are converging, another indicator that this is a market in a state of confusion. Despite rising volatility, it is still well below historical averages. We think this still provides a good environment for risk assets to perform well. The old Wall Street adage, “Stocks climb a wall of worry”, seems quite appropriate here. […]

Correlation | July 19, 2017

Posted on July 19, 2017

Near-term and long-term correlations are converging, but are still below historical averages. As a result, we think there are many potential options for positive performance through the selection of risk-diversifying assets and individual names. In short, we still see this as a stock picker’s market. The correlation figure measures how each asset return moves in […]