GIM - Commentary: Jittery Investors Feel Butterflies As Divergence Replaces Central Bank Put
By Ashwin Alankar, Ph.D.
Ash Alankar discusses in Pensions & Investments how as central banks begin to step back, other forces are stepping up, making markets more multidimensional.
Investors are getting increasingly jittery as a new reality sets in. Since the global financial crisis, monetary policy has been the overriding factor moving market prices. The playbook for success in this one-dimensional era was "don't fight the Fed," a luxury that is now being taken away.
As central banks begin to step back other forces are stepping up, making markets more multidimensional. Other risks - geopolitical,