Economic and Market Observations Update: October Fright Fest
Jamie Lee Curtis is back on the big screen, but relatively more bloody mayhem has occurred in equity markets this month. The mask is on and risk is off. We thought for some time that volatility in most financial markets was preternaturally low, but like going to see one of those movies with eyes wide open, it is stomach churning nonetheless to witness the anticipated event. Equity markets sold off most days this month, and forward-looking measures of price volatility reverted to near their February highs.
On January 31, 2018, The Boston Company and Standish merged into Mellon Capital to form a combined entity, BNY Mellon Asset Management North America Corporation. Effective January 2, 2019, this entity was renamed Mellon Investments Corporation.