The Tropical Storm that Clears the Air
The stock market sell-off has been – is – a very nasty episode, violent in both severity and speed. But equity market “corrections” are not that unusual. In recent history, the S&P 500® has been characterized by low volatility and not observed this magnitude of daily instability since August 8, 2011. It doesn’t feel like it when you’re in them, but corrections are often cathartic processes, the market equivalent of the tropical storm that clears the air. Of course they can be something far more sinister, but our strong belief is that this is not the start of a bear market.
Read Aviva’s special commentary for their view on the recent market volatility, the impact on their multi-strategy approach, and what it could mean for investors going forward.