Economic Update February 2018
As 2017 ended, markets had entered a bliss point, with strong returns in a low volatility environment, little inflation and monetary policy settings that were expected to remain accommodative and relatively unsurprising. However, after an uneventful
and buoyant January, the illusion was shattered in early February as equity markets globally took a leg down.
US: Equity market and volatility. A pullback and volatility spike after a period of calm and growth.