After spending 2017 sheltered from volatility – thanks to low inflation pressures and strong synchronized growth – global markets ventured into the outdoors in 2018, resulting in a disappointing year for most investors, with nearly all assets but...

"That’s a swing and a miss on three distinct opportunities to improve market sentiment, i.e., a strikeout that should have been averted. Mr. Powell had been preparing us for a more dovish stance. Recall that in remarks made just about a...