11 Jun Fourth Quarter 2015 – “Uncharted Territory”
In 2015, the S&P 500 Index posted a small gain while most global equity benchmarks ended the year in the red. Fixed income markets acted similarly, with lower risk securities flat for the year while their higher risk counterparts declined. For the first time since 2006, the US Federal Reserve raised interest rates, kicking off a new era in monetary policy. While the rate hike was hardly a surprise, it...