The passing of the Thanksgiving holiday and preparation of the forthcoming Christmas season prompts us to sit back and think about the blessings in our lives, many of which we take for granted.
If you pay attention to the yield curve (the “curve”), you have noticed an interesting change over the last two years…. it has flattened substantially!
Market volatility is back. After going nearly 310 trading days since a back-to-back daily decline of .5% or more, we witnessed a market decline as measured by the S&P 500 of nearly 10%. While some investors have become nervous, we simply see this as a reversion back to normal market volatility.