Clues and commentaries on the global prospects for stocks, bonds and alternatives.
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Recent Volatility Signals a Market in Transition
Royce & Associates | October 6,2015

Chuck Royce and Francis Gannon share their thoughts on the small-cap equity market

  • We think a rate hike would be a positive development for the economy and the capital markets-it could actually spur lending.
  • As much as we think better times are ahead on a relative basis for quality companies, we also know that these kinds of transitions often involve a fair amount of market tumult before settling into a new phase.
  • Combined with a growing economy and enough volatility to encourage investors to look more closely at fundamentals such as balance sheet strength and profitability, this looks like a very good time for bottom-up, disciplined approaches, in our opinion.