By Erik Knutzen, Chief Investment Officer—Multi-Asset Class
As the Fed turns more dovish, a familiar fairy-tale heroine returns - but will there be another happy ending?
When Tim Berners-Lee conceived of the World Wide Web 30 years ago, he probably wasn't thinking about how vital it would be for the distribution of amusingly captioned images of cats. And yet here we are.
Today, entire online communities study and debate the "lifecycle" of memes - even the "meme economy." The leading theory says that a successful meme tends to be born in the geekiest corners of