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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 […]

Income Report Card | August 21, 2017

Posted on August 21, 2017

The 10-year Treasury yield declined further this week, ending at 2.19%. Stocks also continued their bumpy ride this past week. We think the pullback in stocks might just be seasonal as overall the trend for risky assets still leans positive. See the data

Momentum | May 2, 2017

Posted on May 2, 2017

Our Observations: Short-term momentum in stocks flipped from negative to positive over the past week. We think this could be a signal that the recent correction has ended and the long-term upward trend has resumed. This is confirmed by the recent pullback in bonds, resulting in the assets barely holding onto positive momentum in the […]