This laser focus on central bank policy by so many investors is a
relatively recent phenomenon that appears to have grown more intense in
the post-Great Recession period of near-zero interest rates.
With a choppy global economy and nervous investors combining to produce
major market mood swings, at least through the midway point, 2016 is
playing out a lot like 2015.
Financial markets got off to another shaky start this week, as investors
made jittery by Britain’s surprising vote to leave the European Union
abandoned securities for U.S. bonds and Treasury bills, which they
perceived as safer investments.
Equity and currency markets were jolted overnight in the aftermath of
Britain’s surprising vote to leave the European Union. We expect
short-term volatility to continue as markets adjust to the news.
Opportunities exist for investors who select their entry point