Monthly Market Update
Last month lived up to October’s traditional reputation as a difficult one for global stock markets. As political pundits discussed an “October surprise” in the context of the U.S. presidential election, investors were busily reacting to a series of developments that ultimately depressed returns. Stocks were pushed down in part by better-than-expected economic data, which investors viewed as raising the odds the Federal Reserve will increase interest rates in December.
Perception versus Reality: Managing Risk
While we spend time analyzing each of our individual positions and holdings, when it comes to portfolio management, the whole is very much more than simply the sum of its parts.