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Monthly Market Overview - February 2018

02.21.2018

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January saw the dramatic reemergence of volatility with higher bond yields sparking a major stock market correction – down roughly 10% from January’s peak, not dissimilar to what occurred in January of 2016, except with different causes. The specter of higher US wage inflation appeared in the form of a 2.9% YoY increase in January Average Hourly Earnings, including a 0.34% rise in January and an upwardly revised 0.4% increase in December.

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