After a long period of relative calm, investors have faced more volatile markets in recent months. In Q4 last year, the S&P 500 came within 63 basis points of a technical bear market, dropping -19.37% from a high of 2,930 in September to a Christmas Eve low of 2,351. Risk assets have since recovered ground, […]
There is no easy solution to the problem of rising economic inequality, but we may be able to address it with a more enlightened tax system – one that maintains incentives for work and investment while improving economic efficiency.
We have identified three key themes that will prove important for investors in 2019. We also discuss four “black swans” – events which are plausible but not currently being given much weight by markets.