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Last week's volatility surprised many. How should portfolios be positioned? And what does this recent bout of volatility tell us about the economy and financial markets?

Short-term rates are likely to remain low for a prolonged period of time. Investors will still need to source yield, they'll simply have to be more creative to find it.

The key market and economic risks and opportunities ahead - and portfolio construction implications.

For better or worse, 2013 is likely to be another year when the market's fate will rest largely with politicians and policy makers. For now, we remain cautiously optimistic.

Until we see the US producing at least 200,000 to 250,000 jobs a month, the Fed is likely keep rates low.