We see enough factors supporting gold to justify a modest allocation
in suitable portfolios.
Despite the modest size of the energy sector (typically less than 10% of
total market capitalization), crude oil and the broader stock market, as
measured by the S&P 500, have had very high correlation during the past
Our Corporate Beige Book highlights modest deterioration in corporate
It has been a rough start to 2016 for the stock market. In fact, it’s been one
of the worst starts to a year in the history of the S&P 500.
Bear markets can occur without recessions. There have been ten bear
markets in the S&P 500 since 1968, and four of them occurred without an