-
-
-
-
CIO Insights are written by Angeles' CIO Michael Rosen
Michael has more than 35 years experience as an institutional portfolio manager, investment strategist, trader and academic.
RSS: CIO Blog | All Media
Consider
Published: 10-16-2014Consider:
- Volatility spiked to its highest level in over 2 years.
- Global equities are in negative territory this year, led by Europe’s 10% decline.
- US 10-year Treasury yields fell more than 30 basis points intra-day yesterday.
Consider, too:
- Mortgage rates are down 100 basis points over the past year
- Jobless claims are at their lowest levels in 15 years
- Housing prices nationally are up 7% in the past year
- Gasoline prices are off 20% this year
I have no idea where the bottom is, or when we will get there. But if you believe the US economy remains reasonably robust and global growth, while slowing, will remain positive, take the recent market convulsions as a periodic regurgitation meant to damage complacent speculators rather than a harbinger of civilization’s collapse. Of course, holding a month’s supply of canned goods and ammo is a good idea, too.
Print this ArticleRelated Articles
-
29 Jul, 2021
Beach Reading
A few more outstanding books for your summer reading...Black Buck, Mateo AskaripourThis is an exceptional debut novel ...
-
21 May, 2015
Distortion or Reflation?
A month ago, Germany could borrow for 10 years at a rate of 0.06%. Lenders were also happy that day to earn 0.47% for ...
-
27 Oct, 2014
The Present is the Future (at least in bond land)
In our long-term assumptions, we generally assume that the total return in fixed income is pretty close to its starting ...
-