As I am writing this piece, I am conscious that we are already in June, and yet we still seem to be wrestling with the aftermath of the Brexit and Trump decisions, France’s newly elected President-elect Macron and the upcoming elections in the United Kingdom. How the current uncertain geopolitical climate will impact our industry is anybody’s guess. Of course we all hope for market volatility, but for that we are waiting.
One thing that may be in our favor is a potential loosening of regulatory oversight in the U.S., in particular a potential rollback of the Volcker Rule that could bring more money back into the markets. I don’t have a crystal ball but like everyone in the industry, my hope is for an easing of unnecessary regulatory oversight and a rise in market volatility.