Archive for March, 2016

February 2016 – Monthly Commentary

March 09, 2016  |   Monthly Commentary   |     |   0 Comment

February 2016 Since the Federal Reserve ended quantitative easing in October 2014, the capital markets have become much more volatile and correlations among asset classes have risen. That condition has further intensified since the first rate hike in December. We fully expected a rise in volatility as monetary policy became less expansionary, but have been surprised by the magnitude of the change. Price action in February continued to reflect that volatility, and at ...