Market Overview – Q4 2015

01.19.2016 By

From our latest Investment Newsletter…

The end of the year ushered in greater stability to global asset markets. After an anxious summer, the fourth quarter was a period of lower volatility. Fears around China and emerging markets, which had taken center stage in August when China surprised markets and devalued the yuan, began to recede in October. The VIX, a measure of stock market volatility, fell from an annual high of 41 in the third quarter to a more tempered range. Only during one short period of time (before the Fed raised interest rates) did investors seem to grow anxious again. Otherwise, sentiment broadly improved as investors placed less emphasis on the potential risks in China and instead embraced the overall accommodative monetary policies that are in effect in many economies around the globe (although it would appear these concerns are resurfacing as this newsletter goes to print).

Read our full account of the quarter here.



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