RALEIGH U.S. equity markets are hovering near all-time highs as investors this week have shrugged off a steady flow of potential volatility risks, from the French election to credit squeezes in China. The record closes in the S&P 500 grab headlines and provide comfort to those invested in a 401(k), but despite the steady charge higher in stocks since the election of President Donald Trump the high prints now serve to obscure the fact that stock markets have gone virtually nowhere for the better part of three months.The stalling of the post-election Trump bump may have any number of culprits, from policy uncertainty emanating from Washington, D.C. to anemic GDP growth during the first quarter of 2017. A rising U.S. Dollar, rising Treasury yields – two of the three pillars of the storied reflation trade – have been fading for months, creating a growing disconnect with the third pillar: equities.Despite uncertainties lurking around every corner and a long in the tooth bull market, the Chicago Board Options Exchange volatility index, or so-called VIX, a popular measure of risk, has been plumbing historical lows not seen in more than 23 years and is trading at half of its historical average.
WILMINGTON The Cape Fear Region, down at the southern tip of North Carolina, is home to Brunswick, Columbus, New Hanover and Pender counties. Touted to be the crossroads of infrastructure, resources and lifestyle with […]
WASHINGTON, D.C. Emerging from the latest meeting of the Federal Reserve’s open market committee, which sets interest rate policy, Chairwoman Janet Yellen announced Wednesday that the world’s leading central bank would leave interest rates […]
BEIJING China and Canada have signed an agreement vowing not to conduct state-sponsored cyber attacks against each other aimed at stealing trade secrets or other confidential business information.The Canadian government, under pressure to show […]