Another market correction reinforces our caution

Global economic update  |  April 25

Highlights of the past week, from the economy and profits to Europe and interest rates.

Currency

AUSTRALIA: The Australian dollar reached a 10-month high against the U.S. dollar.

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Years of declining budget deficits coming to a close

Years of declining budget deficits coming to a close

After declining for years, the federal budget deficit is ticking higher due to low tax rates and an aging population.

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Liftoff over, markets react to old fears

Unconstrained strategies have faced headwinds since 2013, but the potential for interest rate normalization in coming years gives institutions motivation to consider diversifying investments across numerous out-of-benchmark sectors.

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