1Source: Hedge Fund Research Inc., as of 30 June 2024 | 2We acknowledge that artificial intelligence may eventually be a disinflationary force but not for some time given the early stage of the technology. | 3Macro volatility and security dispersion do not always align, of course. In the early 2000s, security dispersion was high but macro volatility was not, as stock market dynamics — i.e., the effects of the dot-com bubble — trumped broad economic conditions. And in recent years, macro volatility was high but security dispersion remained low as a result of the lingering effects of low interest rates and quantitative easing.
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Monthly Market Review — October 2024
A monthly update on equity, fixed income, currency, and commodity markets.
By
Brett Hinds
Jameson Dunn