When news breaks and markets move, content-starved media often invite talking heads to muse on the repercussions. Knowing the difference between this speculative opinion and actual facts can help investors stay disciplined during purported “crises.”
At the end of June this year, UK citizens voted in a referendum for the nation to withdraw from the European Union. The result, which defied the...Read More
WE SHOULD EXPECT VOLATILITY
Do returns during January provide information about returns during the remainder of the year?
As we would expect over any period, prices in January 2016 changed from day-to-day as aggregate expectations changed and investors processed new information. During the month, the S&P 500 Index had a return of −4.96%, the ninth lowest return for the index since 1926....Read More