Equity Markets Perspective
The global equity investor fared well for the first half of the year but recent developments have caused the markets to become more volatile. Initially, markets became unsettled due to the news that came out of Europe when Greece demanded a change in debt structure with its creditors. We then watched as the local Chinese equity markets took a tumble, dropping over a third of its market value from June 12th to July 8th. As I am writing this, the urgency around Greece’s debt issue has been addressed though it doesn’t appear that this will be a long term solution.