High market volatility has caused wary investors to panic amidst negative headlines regarding the Chinese market and economy. Low risk positions, including cash and fixed income, have been safe havens as a risk-off sentiment grows. Looming on the horizon are many uncertain events including the Federal Reserve’s “liftoff” and Canada’s October federal election.
Volatility was the key theme for the second quarter with Greece and China providing major headlines. Furthermore, the US dollar rose throughout the quarter -the Euro and CAD fell to levels not seen in years against the USD- providing further downward pressure on commodities.