The broad-based synchronized growth story continued to soften through March, as consumers pared back purchases in the face of rising prices.
As much as we would prefer to discuss market fundamentals over the trials and tribulations of the current US Administration, it has been largely unavoidable in this first quarter of 2018.
The market narrative changed abruptly over the quarter, from observing the “melt up” in January with exceptionally low volatility, to a massive spike in volatility in early February with markets remaining on edge ever since. What happened?
Volatility across global markets has picked up in recent months following an abnormally long period of stability and strong returns across asset classes.