Where Do We Go From Here?

Where do we go from here? It seemed that the sky was the limit for risk assets at the start of 2018. Congress had just passed a massive corporate profit boosting tax cut, and stocks were taking it up a notch to new all-time highs. Then February came, the short volatility trade was obliterated, and risk assets spent the rest of the winter and much of the spring working to regain their footing. But as we enter the summer of 2018, it appears stocks have regained their footing and all may be well once again. Yet something still doesn’t feel quite right. Where do we go from here in the summer of 2018?

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