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Correlation | September 13, 2017

Posted on September 13, 2017

Long and short-term correlation are more or less in parity with each other, signifying no particular push toward any single macro theme. We think the decrease in rates and the general belief that rates will stay lower for longer after Fed Vice Chair, Stanley Fischer’s exit will likely start to emerge as a major theme. […]

Volatility | August 24, 2017

Posted on August 24, 2017

Risk is still low historically, and short-term and long-term volatility are in parity. While there has been a pullback in most markets, we think the low level of risk indicates that this is probably a correction within a bull market. Market volatility is an indicator of financial stress. Low or declining volatility environments may indicate […]