Fall began with increased volatility across financial and commodity sectors. While this is consistent with the opportunities we have seen since late May, the trends and ability to participate in them greatly improved.
July was anything but a quiet month. The volatility we saw pick up in Currencies and Commodities in June moved into Equities. The month ended with a violent sell-off in equities that wiped out the gains for the year of the Dow Jones Industrial Average.
June was an interesting month. If we look beyond equities we saw volatility pick up. While volatility remains low overall (specifically in Equities and Interest Rates) Currencies and Commodities experienced higher volatility during the month.
