Archive for January, 2012

January 2012

January 31, 2012  |   Monthly Commentary   |     |   0 Comment

The storm clouds of worry that hung over the capital markets at year-end yielded to cautious optimism in January. Evidence of the improved sentiment could be found across nearly all asset classes. The S&P 500 index rallied more than 4% and the SPX volatility index (VIX) closed the month below 20% for the first time since June 2010. In the fixed income market, U.S. Treasury notes were largely unchanged while credit markets of all quality ...