As Sentiment Shifts, Anatomy of Another Near Correction

After rallying further to start the week, the MSCI World Index is slightly positive on the year ... and recouped pre-war levels Wednesday. But those who have followed all the daily wiggles along the way could be forgiven for not knowing that, given rampant war worries. Of course, we can’t rule out more volatility or another leg lower, if sentiment sours anew. Such swings and volatility strike without warning for any or no reason. They also can feature temporary blips at the sector and regional level, and this latest move seems like no exception. Let us recap how this year has unfolded thus far to illustrate why sentiment-driven swings call for patience. Read Full Article »