Not only has fixed income volatility been suppressed below its long-term average, but also, it seems to lead equity volatility and has been influence by policy.
Whereas current developments pose a serious (but fading) risk to non-dollar denominated investments, we still have to consider the closed nature of the system.
The MLP business structure should only be used by organizations whose cash flow is very predictable as retained earnings are very small in the typical structure.
When in doubt, technical analysis can be used to assess the strength and “health” of a momentum-driven market that is not necessarily supported by valuations.
The recent unfortunate announcement that Curian Capital decided to exit the TAMP business (turnkey asset management program) put a lot of advisors in a difficult position. Within a day of the announcement, many advisors told me they were inundated...