SYE - The V In Volatility
By Joseph V. Amato, President and Chief Investment Officer - Equities
The equity rally is likely just the start of a volatile adjustment to a new fundamental reality.
"Investors who sit out now could miss a chunk of this year's returns."
Those were the last words that I wrote in one of our CIO Weekly Perspectives in January. Since then, the S&P 500 Index has been consolidating its New Year performance. Those brave enough to buy as the markets closed on Christmas Eve now sit on a return of around 15%, thanks to gains on