November 2014 Commentary

The Fall of 2014 continues to be full of surprises for financial market participants, from the ‘flash-crash’ of U.S. 10-year sovereigns last month, the 47th record closing high experienced by the S&P 500 this month, and to oil now trading at less than US$65 per barrel as I write this commentary. Despite continued concerns about global growth and the potential for deflation, stocks and bonds offered decent gains in November, as talk of global stimulus and better than expected Q3 profit statements eased the minds of investors. The funds at Forge First had a great November...