This Fed rate hike cycle remains on a slow and shallow trajectory

Total returns in recent bear markets

The DJIA just completed its fastest 1,000 point gain ever

Inflation expectations and Treasury yields inch higher

A new strategy note from Chief Market Strategist Troy Gayeski

Market indicators are flashing signs of late cycle vibration. Ryan Caldwell and team share their strategic approach to riding this low-frequency wave.

Britain’s vote to exit the EU has caught markets wrong-footed. We saw firsthand the negative effects of the overhang of macro events earlier this year – China’s slowing growth, falling oil prices and Federal Reserve policy speculation.

For the second time in only a few months, a major voting decision has delivered an unexpected result. The victory of Donald Trump in the U.S. presidential election was largely unexpected and, following the old adage that “markets don’t like uncertainty,” may cause a global spike in volatility.