Quarterly Report- Spring 2018

18 Apr
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Paula Medina

On January 26th, markets were sitting at all-time highs and investors marveled at what an impressive start to the year it had been. Suddenly, and all too swiftly investors were reminded that markets can also fall by what was strangely enough “a good news story”: higher U.S. wage growth. The immediate trigger for investor angst stemmed from a belated awakening that torrid global growth will lift inflation, causing bond yields to rise and central banks to push up interest rates.

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