Volatility Returns
Last month we stated that “we continue to believe that a cyclical bull market is in process. One disquieting feature is that over more than 100 years of stock market history a correction of 10-30% typically occurs before equities rebound …
Time for Alpha
Another year and another decade are history. For 2009, equities rose 24% and soared 60% from their March lows. For the decade, U.S. stock indices declined 25%. On the other hand, long term Treasury bonds sank 15% in 2009 while …