A Sentiment-Driven Market Correction

The Fiera Capital Global CIO Office breaks down yesterday’s volatile markets into What, Why, and What’s Next in this bulletin.

• After an impressive start to 2018, volatility has reasserted itself and ignited a severe rout in stock markets across the world – leaving no region or sector unscathed.
• The plunge in global stock markets has come on the heels of some investor trepidation that the latest back-up in bond yields will curtail global growth and erode corporate profitability – all at a time when stretched valuations and euphoric investor sentiment have left little cushion for disappointment.
• The good news is that the favorable conditions that have underpinned the stock market rally over the last year remain largely intact at this time.

Please click here to read the commentary.