Market Commentary
Joe Tigay

The Federal Reserve Open Market Committe has a very tough task ahead of them.  Job growth is slowing, and inflation is rising.  When rates rise, volatility (VIX) rises, and equities rise.  When rates stop going up equities start to trend lower and VIX really gets a bid.  This Cycle is different of course with the tremendous amount of liquidity inserted to the system which has caused an outsized amount of inflation.