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Debt, Tech and Trade Wars Cloud the Investment Horizon

Volatility is back with a bang this year after a period of extraordinary calm. During the first quarter of 2018, the S&P 500 Index rose or fell by at least 1% in 23 trading sessions, compared to eight such sessions in all of 2017. The renewed turbulence, triggered by a confluence of growing concerns about rising rates, trade wars and regulation in the technology sector, will require a new mindset for investors.