During the last decade, the “lower rates for a long period” scenario has arrived with mixed blessings for the global economy. Capital has steadily flown into riskier assets, but despite aggressive monetary policies, economic growth has not maintained pace with the appreciation of financial assets. Despite negative yiel…

Risk assets rose sharply in the first quarter of 2019, in spite of slowing economic growth. A more accommodative monetary stance by central banks helped to improve investor sentiment, which was affected in 2018 by trade frictions and moves by the Federal Reserve to normalize monetary policy. The political and economic …

The spike in market volatility and dramatic reversals in the last few months of 2018 was an experience that investors had not had for a number of years. A series of negotiations during the summer between OPEC members, the U.S., Russia, and other oil-producing countries resulted in production increases. As the year came…