Equities sold off again this week, taking their cue from weakness that began during the Federal Open Market Committee (FOMC) press conference. The S&P 500 was down 4.4%, while emerging market equities fell 3.5%. Again, fixed income provided no hedge with the Bloomberg Barclays Aggregate Bond Index down fractionally. The NYSE Arca Gold Miners Index...
It has been another week with no resolution in congressional stimulus discussions. The positive economic numbers we see may have led to a false assumption the economy is on better footing than it really is. There are concerns the lack of action in relation to additional fiscal stimulus could lead to a more sustained economic...
Equities suffered three days of big losses but were bookmarked by a bounce to end the week. The sell-off lacked an easy scapegoat, but a lot of chatter in the financial markets pinned the blame on excessive option buying in the technology sector, that then gave way to an air pocket once the activity dried...
