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Correlation | September 21, 2017

Posted on September 21, 2017

We think the declining correlation across all markets signals a fading macro theme related to rates and inflation. Current data shows some signs of inflation but has yet to establish itself as a macro theme. The correlation figure measures how each asset return moves in relationship to the broader basket of asset returns listed on […]

Momentum | August 22, 2017

Posted on August 22, 2017

Short-term momentum is starting to diverge from long-term momentum for most asset classes. This tends to signal caution but not a bear market so we think it is important to see how this market unfolds. Momentum measures the rate of acceleration, either positive or negative, in a security’s price and may indicate which markets are […]