Author: Madison

What had been shaping up to be a fairly uneventful second quarter for financial markets turned anything but over the final two weeks as news of Britain’s decision to leave the European Union shocked markets just as the quarter came to a close. Despite catching...

Rob Lovelace, Capital Group “The key point to remember is, this referendum is the beginning of a process, it’s not the end,” says Capital Group portfolio manager Rob Lovelace. “The market has interpreted this as a bimodal event and it isn’t. Now that the referendum has passed,...

The Brexit vote took place on June 23. Increased market volatility prevailed the following two trading days with most stock markets seeing healthy losses. In the days and weeks following the Brexit vote, investors have overcome the initial shock of the outcome; still, the full...

Howard Marks, Co-Chairman, Oaktree Capital Management For me, the bottom line on economic reality is that, in the short run, governments theoretically have the ability to: Accelerate economic activity, bringing forward to today otherwise-future activity, Make life better for one group of citizens at the expense...

Managers of the Dodge & Cox Funds Emphasis by Madison “In 2015, growth stocks in the United States and around the world outperformed value stocks by one of the widest margins since the global financial crisis. Although value stocks have outperformed growth stocks for extended periods over...