2017 was a year characterized by abnormally low levels of market volatility. To put this in perspective, there were only 8 trading days in 2017 where the S&P 500 Index moved more than 1% and NO 2% moves. Volatility has returned in 2018, with 14 trading days with 1% moves and 3 trading with 2% moves.
In our view, concerns about inflationary pressures, policy uncertainty and geo-political risks will result in ongoing market volatility. United Asset is well prepared for this return to volatility, as many of our investment offerings include active management with a focus on downside risk management; the hallmark of United’s investment philosophy.